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ERRONEOUS LTCG SCHEDULE IN ITR 2 AND 3 OF NEW PORTAL

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Raghavendra Kamath

180 Points Posted on 28 August 2021

Ay 2021-22, inspite of filling all fields in LTCG schedule it is not taking into the indexed cost of acquisition. Directly it is posting sale consideration as LTCG. Any body encountered this? Plz suggest how to troubleshoot?

Replies (5)

Quick Summary

Users are reporting an error in the new ITR portal where the Long Term Capital Gains (LTCG) schedule incorrectly calculates capital gains. Despite correctly entering the indexed cost of acquisition for land or buildings, the system defaults to showing the full sale consideration as the capital gain. While some suggest checking data entry, others recommend using the offline utility as the online system may not be functioning correctly.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

212455 Points Posted on 29 August 2021

No. Its working fine, check properly your data filling in proper slot.

Raghavendra Kamath

180 Points Posted on 29 August 2021

Cost of acquisition is filled which shows indexation figure in the succeeding column. But after confirm, summary is showing sale consideration as LTCG. Im talking about Land or building both option.