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Script detail in LTCG

This query is : Resolved 

02 December 2021 I am having long term capital loss in fy 20-21 can I show consolidated figure instead of scripwise detail in 112a schedule as fmv does not affect loss figure?

02 December 2021 For scrips purchased before 31.01.2018, scrip wise details is required. For others consolidated figure is allowed.

02 December 2021 Can we write
My broker is not giving scrip wise details so can I give consolidated amount, will my loss be carried forward if I give consolidated amount?

02 December 2021 There is no option to give such explanation. At the most you may give consolidated details 'As of after 31.01.2018'; but there may be verification based on SFT report by the brokerage houses.

02 December 2021 in case of verification based on sft reports will the loss be disallowed or normally it is allowed on submitting details

02 December 2021 IT WOULD BE ALLOWED WHEN DETAILS PRODUCED, IF QUERY BE RAISED.

03 December 2021 can I show it in " bought on or after 31 Jan 2018 " as a consolidated figure in schedule 112 as I am not taking any benefit of fmv
as loss amount will remain the same whether I show bought before or after 31st January 2018
can any penalty be levied

03 December 2021 No. Penalty would not be levied, as there won't be any excess tax liability.


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