Capital gain less than 1 lac , how to show

ITR 158 views 1 replies

for individual , how to show a capital gain of 12000 from shares in ITR2 .

rgd s

Replies (1)

Option 1) Open Schedule CG - Go to B4

Enter Full Value of Consideration which was the sale value

Enter Cost of Acquisition (FMV based on grandfathering clause applied)

Enter any expenses incurred on transfer of the capital asset

Schedule CG will automatically calculate and display the Capital Gain

Go to the bottom of Schedule CG and enter the gain appropriately in the quarter

 

Option 2) Open Schedule 112A

Enter Details of Stocks or equity mutual funds as the case maybe

Enter details relevant as asked in 112A

System will auto-populate the Schedule CG - B4 section

Make sure you still enter the table at bottom of Schedule CG with the right amount that accrued as per quarter

 


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