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Error in ITR Schedule 112A

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Tejas bhagat

CA Finalist

160 Points Posted on 27 March 2022

I am filing Income Tax Return for AY 21-22 online mode. I filled Schedule 112A with all the details including the ISIN no for the units. Name of the unit got auto populated after I typed the ISIN.

However while validating the return, it shows error

"Please enter name of the Share / Unit"

When I go to Schedule 112A the unit name is blank but has a single drop down where correct name is auto populated. I selected it and confirmed.. still the same error pops up.

Please let me know. I need solution before 31st

Replies (6)

Quick Summary

Users are encountering an error in ITR Schedule 112A where the unit name appears blank despite being auto-populated via ISIN. While the online portal shows a glitch, potential solutions include using the offline utility to edit the JSON file or re-entering the data with two decimal places. One user suggested temporarily classifying long-term capital gains as short-term to bypass the error, though this may not be suitable for all situations due to tax implications.

sashank sashi

77 Points Posted on 27 March 2022

It's a glitch in the Incometax portal, add that long term capital gains as short term capital gains, don't worry bcoz we're paying more tax on short-term capital gains (15%) when compared to long term capital gains(10%) and see what's the final impact of tax on it

Tejas bhagat

CA Finalist

160 Points Posted on 27 March 2022

Cannot do that as LTCG is less than 1 lakh Rs. Hence there is exemption but details need to be disclosed as AIS report has captured all the Sale Transaction.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 27 March 2022

Use offline utility or third party softwares..

We may come across many issues on online portal

ALAMELU.N.N

student

127 Points Posted on 27 March 2022

I had similar glitch in the online ITR. You can download the JSON and open it in offline utility. Correct the mistake then upload the ITR it should be resolved.
If still not ok remove the line completely and type again. Another way is fill in CSV format and upload it.