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ITR-2 -CG

ITR 277 views 3 replies

FROM THE TAX COMPILATION SHEET, I OBSERVE THAT THE EFFECT OF REBATE OF RS 1 LAC ON CAPITAL GAINS IS NOT ACCOUNTED FOR WHILE COMPUTING TAX. TAX IS CALCULATED ON THE ENTIRE AMOUNT OF CAPITAL GAINS. 

HOW CAN THIS BE RECTIFIED? AM I MISSING OUT ON FILLING ANY CHART?

Replies (3)
Exemption is applicable in case of long term gain. if that is the case then you can change the same in return
100000 exemption available only in case of capital gain from sale of equity shares, mutual fund u/s112A.
100000 rupees should be exempt for LTCG 112A


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