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CompuTax .....Help

mohit pathak (Learner) (396 Points)

07 July 2011

Hi!

I m using COMPU TAX...and it requirs details about each n every share to calculate capital gain....

my clint has capital gain of Rs. 20000/- which is a lumsum amount. and can not be allocated on individual share.

since ITR does not require such information.

please guide me how to feed this in Computax...is there any other option..

Thanks..

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Deepak Gupta (CA Student) (15922 Points)
Replied 07 July 2011

I have not used Compu Tax, but still i will try to solve your problem.

ITR does not show the capital gain scriptt wise, it shows the total amount.

In software at the place of writing the name of the scriptt, write Income from Capital Gain from Equity Shares.

If there are lot of transactions and comes under STCG, then for date of purchase, enter the first date of purchase and for sale enter the last date of sale and enter the total amount of sale, purchase and expenses (for all the scriptts). You will get the net STCG and keep a separate workings sheet in your file regarding how you computed the capital gain amount.

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