ltcg 112a itr2


Akhil (Student CA )     16 July 2019

Akhil
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when should i fill the schedule 112a in itr3....i have filled the long term gain of 15000 in schedule cg....should i fill schedule 112a also....???

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Dhirajlal Rambhia (KVO Merau Kutchh)     16 July 2019

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Under new ITR utility, you have to fill scriptt-wise details in 'schedule 112A' only.

Details in 'Schedule CG' is auto-populated.

Dinesh (AM)     17 September 2019

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Dear Sir,

Request you to if you can solve my query. I have my file my return before due date but miss to submit shares details in ITR2.

Can i upload revised return now. Now the next question is I have filled ITR2 as per my income. I have filled all scrips and one mutual fund in form 112A. please refer xls sheet attached. All data reflect in CG under B4. What's the next step i have to do ? I have to make entry in other form.

Regards,

Dinesh

 


Attached File : 2915664 20190917152040 112a.xlsx downloaded: 3 times
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Dhirajlal Rambhia (KVO Merau Kutchh)     17 September 2019

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@ Dinesh ...

If you have provided the net (Long Term) capital gains value in Item 4(c) of 'Schedule CG'; then there is no need to revise the return.

Refer the following clarification issued by CBDT under Circular 18, dated 8th August, 2019.

Question. 12: Whether it is mandatory to provide ISIN details and scrip-wise computation of Long Term Capital Gains (LTCG) arising on sale of Shares/Mutual Funds units on which STT has been paid?
Answer: The tools for computation of LTCG under sections 112A and 115AD have been provided in the departmental utility for the convenience of taxpayers. These are optional tools designed for computation of the final figures of LTCG, which is then populated in the respective items in Schedule CG. Alternatively, the taxpayers can themselves compute the aggregate long term gain or loss manually, and input the same directly in the respective items in Schedule CG.

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Dinesh (AM)     18 September 2019

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Thanks Sir for your reply. But i have not input details under CG in my ITR2 previously that,s why. Also if you can also let me know any other form i have to update after updating 112A.

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Dhirajlal Rambhia (KVO Merau Kutchh)     18 September 2019

Dhirajlal Rambhia
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In that case file revised return u/s. 139(5) with the details of capital gain, and pay liable tax, if any.

You can fill the details in Schedule 112A, the final capital gain will be auto-populated in schedule CG.


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