This discussion clarifies how to report short-term capital gains (STCG) from debt mutual funds and liquid funds within the ITR 2 form. Unlike some other investments, STCG from these funds are taxed at your normal applicable income tax rates. The query seeks specific guidance on which schedule and head within the ITR 2 form should be used to declare these gains or losses, as a dedicated section isn't immediately apparent.
05 December 2021
Sirs, Short Term Capital Gains from DEBT MUTUAL FUNDS/LIQUID FUNDS are taxed at the normal applicable rates. In which part of the Schedule and under which head are these gains/losses to be shown? There does not appear to be a specific place for this