LTCG for ay 21

This query is : Resolved

hemang shukla (Querist)
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24 July 2020 1. ITR 2 for ay 21 seems to make filling of Schedule 112A mandatory. is that correct? Schedule 112A asks for ISIN Code. capital gains statements provided do not have ISIN. can it be left blank?

2. is LTCG threshold limit of Rs 1 lakh still available? this column is no longer available in ITR 2

CA Ankith Jain

CA Ankith Jain (Expert)
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24 July 2020 1. Mentioning ISIN is mandatory, you could get find easily on google. 2. The treshhold limit of Rs.1 lakh is still available.

hemang shukla

hemang shukla (Querist)
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25 July 2020 thank you for the advise, can i bother you for clarification?
1. you have confirmed that threshold limit of Rs 1 lakh is still available but in ITR that column is no longer available
2. total transactions can be large, quoting each ISIN can be very tedious. is there any likelihood of a change in this mandatory requirement. could you comment on this requirement vis a vis its negativity to ease of IT return filing

hemang shukla

hemang shukla (Querist)
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26 July 2020 how do we get ISIN for MF units, i think it is required in sch. 112A