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LTCG of equity shares treatment for total income computation

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Avp
67 Points Posted on 15 July 2022
I had total gain of Rs 150 , 000 on equity shares over long term ( more than 1 year)

My understanding was, LTCG of Rs 50,000 ( above 100,000) is taxable at 10%.

Question is , whether this LTCG of Rs 50,000/- should be added to the total income for computation of final tax?
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On 15 July 2022 at 17:45 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 15 July 2022

You declare total transactions in Schedule 112A, where in total LTCG of Rs. 1,50,000/- would be calculated. Finally same will be taxed just Rs. 5,000/- by utility.

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On 15 July 2022 at 18:01
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Avp
67 Points Posted on 15 July 2022
Should this 50,000/- be added to total income?
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On 15 July 2022 at 18:13
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SEO Sai Gr. Hosp.
211715 Points Posted on 15 July 2022

It gets added to total income at special rate of 10%.

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On 15 July 2022 at 18:27
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1236 Points Posted on 17 July 2022
You are required to fill schedule 112A for shares txn. The utility will take care of LTCG income.
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On 17 July 2022 at 18:44


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