Hi,
Do we need to include long term equity gain accrued till 31-Jan-2018 as exempt income in ITR?
For example I purchased 1 lac worth of equity shares on 1-Jan-2010. It's value on 31-Jan-2018 was 10lac. I sold the shares on 15-July-2018 for 10 lac. So there is no taxable long term gain here. But in reality I have gain of 9lac. Do we need to show this amount as exempt income in ITR?
Thank you.
You have to declare these details (scriptt-wise) in schedule 112A of ITR 2 or ITR 3, where it will automatically calculate nil LTCG on equities.
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