Hello CAclubmembers, Can you pls answer a question I have in ITR2.
I have Short Term Capital Losses (e.g. 100 ) and Long Term Caiital Gains (tax exempt, sold before 1st jan 2018) of 100.
Now if I enter both of them in Schedule CG , then the losses to be carried forward are being net off. (i.e. 0 loss). I do not want this, as 100 LTCG is not taxable hence Rs 100 Short term capital loss should be carried forward.
So the question is should I mention the LTCG in the schedule CG ? Or should I mention the LTCG only in the Schedule EI (exempt income) tab ?
Regards,
Anshuman
CAclubindia
