banner_ad

Ltcg on equity shares

Tax queries 273 views 2 replies

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?

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details