Where to enter LTCG on equity / equity oriented MF?which section of ITR 2? All gains as on 31 Jan 2018 were grand fathered.
a. Do we have to show this exempt income (grandfathered) somewhere?
b. If we sold any equity / equity MF after 31 Jan 2018 and before 31 Mar 2018, and made a profit, where to show this gain?
1. The effect of Grandfathered value will reflect in AY 2019-20.
2. For AY 2018-19, the capital gains are calculated normally, and LTCG over any sale of equity related products till 31.03.2018 are exempt u/s. 10(38) of IT act......
3. The exempted gain is declared under 'schedule EI' of ITR for AY 2018-19.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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