Schedule 112A filling for Long term capital loss

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This discussion clarifies the requirement to file Schedule 112A for long-term capital losses (LTCL) on shares. Even if your client incurred a loss on shares purchased in FY 2012-13 and sold in FY 2020-21, Schedule 112A is mandatory if Section 112A applies to long-term capital gains on equity shares. This applies even in cases of loss.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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30 October 2021 Dear Sir,

One of my client has incurred Long term capital loss for shares sold in F.Y. 2020-21. He has purchased the shares in F.Y. 2012-13.

Do I have to fill Schedule 112A in such a case as normally incase of profit the schedule is required to be filled up.

Please help me in this matter.

Regards,
Divyesh Jain

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 October 2021 For Long term capital gains over equity shares, where sec. 112A is applicable, filing of Schedule 112A is mandatory, even if there be LTCL.

DIVYESH JAIN

DIVYESH JAIN (Querist)
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30 October 2021 Ok, Thank you Sir...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 October 2021 My Pleasure...

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