I have Long Term capital Gain for sell of Mutual Fund unit that includes ELSS (after 07 year) and Equity fund (after 1 year). As i understand LTCG on MF is exempted if it is less than Rs.1.0 lac.
Do i need to include this Mutual fund details in ITR-2 or can i directly skip this details from ITR as this is tax exempted. I am salaried and for salary TDS is deducted by my Company.
If i have to show it in ITR-2 in which section of CG sheet i need to include and how the exemption will be considered for <1.0 lac capital gain during tax calculation.
Also i have sold some debt mutual fund in less than 1 year and the amount i gained filing in 'CG' sheet in 5 (ii) directly, is it correct.
Please help
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