Ltcg on eq shares & mf - less than 1 lakh in itr

This query is : Resolved

Swapnil (Querist)
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04 July 2019 Hi ,

During FY 2018-19 ( AY 2019-20 ) i have income under Long Term Capital Gains from Sale of some shares & units of Equity Oriented Mutual Funds

Total LTCG amount is less than one Lakh rupees.

Where and how to report this amount in ITR file

please guide me.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 July 2019 Show it under exempt income schedule.

Message likes : 1 times

Swapnil

Swapnil (Querist)
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13 July 2019 sir,

in ITR2 , Exempt Income Schedule there is no option to mention LTCG on Equity Shares /MF units for amount below one lakh.

Also if amount is mentioned in Sheet 112A it is calculating full amount as taxable.

for example if capital gain is 12000 Rs ... full Rs 12000 is calculated as taxable

please assist how to proceed

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 July 2019 4d deduction is there may be software problem contact CPC for ITR form correction.