Income from ells fund

Fill column 4 of Schedule CG in ITR2 (or ITR3)

In this particular case, LTCG is NIL, hance no CG tax liability.

Dear Sir,

Thanks for your reply. I need to file ITR-3. Schedule CG Table 4 seeks details as below.

i) From sale of, (i) listed securities (other than a unit) or zero coupon bonds where proviso under section 112(1) is applicable

ii) From sale of GDR of an Indian company referred in sec. 115ACA

a) Full value of Consideration

b) Deductions Under Section 48 (Cost of acquisition without Indexation, Cost of Improvement without Indexation, Expenditure wholly and exclusively in connection with  transfer)

c) Deductions under section 54F

If you guide me the appropriate values to be mentioned on it, It would be very helpful for me to finalize my ITR.

Thanks and Regards

Sudharsan.N.S.

Dear Mr. Dhirajlal Rambhia,

Please help me and guide to fill Schedule CG in my ITR-3

Thanks and Regards, Sudharsan.N.S.

Dear Mr. Dhirajlal Rambhia,

Please help me and guide to fill Schedule CG in my ITR-3

Thanks and Regards, Sudharsan.N.S.

Dear Mr. Dhirajlal Rambhia,

Thanks for you reply.

For Cost of Acquisition Without Indexation, I hope Redemption Value should be mentioned as it is Higher than Purchase Value and Lesser than Grandfathered Value as on 31.01.2018, So that it appears as NO CAPITAL GAINS from the transaction.  If in case Grandfathered Value is lesser than the Redemption Value, then Grandfathered value should be treated as Cost of Acquisition and CG @ 10% needs to be paid for difference amounts (Redemption Value - Grandfather Value).

Dear Sir,

I just found that Sale (Redemption) of Mutual Fund Unit should be filled under Table-5 (From sale of equity share in a company or unit of equity oriented fund or unit of a business trust on which STT is paid under section 112A ), Where there is provision to mention Cost of Acquisition, Grand Fathered Value (Fair Market value) as on 31.01.2018, etc (for units purchased before 01.02.2018).

Hello Sudharsan, I would suggest you to go a practicing CA for filing your IT return. Per conversation above, it seems you are quite confused about the terminology and the procedure for computing your taxable income. It is not advisable to file a return without proper understanding of the provisions of the act. Please visit a CA which would save time and avoid tax litigation as well. 

OK sir, Noted contents of your reply.  Anyhow, i have filed my return for the AY 2019-20. In future, if any such confusions, i will approach Practicing CA for filing my IT Returns.