Quarterly break-up of Capital Gains


This query is : Resolved 

Quick Summary
When filing your ITR-2, you might encounter a validation error requiring a quarterly breakdown of your capital gains, even if they are small. This is essential for accurate advance tax interest calculations. The system requires this information to reflect your gains across the relevant periods, rather than consolidating them into the last quarter.

(Querist)
10 July 2022 I'm in the process of filing my ITR-2. I have entered my LTCG and STCG due to redemption/switch/STP from some mutual funds to & from Short Term Debt Funds. The gains are not substantial. But I'm getting a validation error asking me to give Qtly. breakup. (1) Why is Qtly break up required? (2) Can i show the gains just in the last Quarter?

11 July 2022 It's for advance tax interest calculation purpose. Show the gains in the last quarter and file ITR.

ravi shankar (Querist)
11 July 2022 Thank you, Sir! Precise & to the point. Makes me feel confident.


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