Respected Sir/Madam,
I am having trouble relating to Long-term Capital Gain.
I can't figure out how to show my Long-term Capital Gain from sale of shares in my income tax return. It is lower than 1 Lakh Rupees and hence exempt from taxation. But if I show it under section 112A the form asks for information about accrual/receipts of capital gain in 5. Long-term Capital Gains taxable at the rate of 10%. So my question to you is how else I can show it or can I show it in Schedule Exempt Income.
My knowledge of Capital Gain maybe incomplete and any information or updates are welcome.
CAclubindia
