STCG & STCL in ITR-2

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Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2011 If one has STCG (positive) in 2 different period in a year say upto 15/9 & 16/9-31/12 & STCL (negative) in 15/3-31/3, how 2 fill these values if the net in the whole year is loss (combining all these positive & negative values). Does one need to leave D of Sch CG blank or only 2 positive values need to be filled.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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19 July 2011 In Column D you have to fill the capital gains and capital losses both. Then only quarterly information could be completed.

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2011 Sir, D of CG takes positive values for say upto 15/9, & 16/9-31/12. But it does not take negative value say in 16/3-31/3, as is my case. please advise.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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19 July 2011 Yes, I have noted your problem.
If the result of item A5 i.e. STCG U/s 111A is negative -
(which may be wrongly referred as A7 in printed forms ITR 2of the department of AY 2010-11) YOU HAVE NOT TO FILL UP THE PERIODICAL BIFURCATION.

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2011 thanks sir. and do i not need to fill even the positive values, if it is there for 2 different periods and one bigger negative value in one distinct figure

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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19 July 2011 No need to fill up the different periods
schedules if the total of STCG U/s 111A comes to Negative.

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