While filing Online ITR 2 , the section 112A for a mutual fund net LTCG of 91,000 is being added to TAXABLE income and not getting the 1.25 Lakh exemption.
is there something else i need to fill?
While filing Online ITR 2 , the section 112A for a mutual fund net LTCG of 91,000 is being added to TAXABLE income and not getting the 1.25 Lakh exemption.
is there something else i need to fill?
It is not added for tax calculation. See schedule SI Tab 9 for 12.5% or Tab 10 For 10% rate.... It gets deducted in this schedule. So that net tax liability over the income would be '0'.
thank you. quite useful! i didnt realize that earlier and thought its not being calculated and being taxed for this.
Good Luck.
Vardhaman Group of India
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