Resident individual having LTCG of Rs 300000 from sale of shares FY 2017-18. Other sources income to the tune of Rs 320000 after deduction. My question is while filling column of Capital Gain in ITR 2, I filled column 3.) From sale of i) listed securities (other than a unit) or zero coupon bonds where proviso u/s 112(1) is applicable. When I punch in the details here it shows in the end of the form LTCG taxable at 10%. Is proviso 112(1) applicable from FY 2017-18? Or whether showing capital gains as exempt income u/s 10(38) in ITR 1 should be sufficient?
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Ltcg on equity shares
Replies (2)
"Is proviso 112(1) applicable from FY 2017-18? "
No. it is applicable from FY 2018-19......
112 (1) is applicable from 1.4.18. Hence it is not applicable for F. Y 17-18. show this income in schedule EI.
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