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?
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
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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