LTCG from sale of MF units

This discussion clarifies how to report Long Term Capital Gains (LTCG) from the sale of Mutual Fund (MF) units held for over 10 years within ITR 2. It explains that Schedule CG, specifically Part B for LTCG, is the relevant section. While Schedule 112A is used for equity shares, information for MF units can be obtained from sources like Moneycontrol for Fair Market Value (FMV) as of January 31, 2018, and capital gains statements from brokers. Remember that LTCG up to £1 lakh is tax-free, with a 10% tax applicable thereafter.