Tax Consultant
681 Points
Posted on 01 June 2026
Report the full amount, the ITR-2 utility handles the exemption automatically.
For equity shares and equity mutual funds under Section 112A, declare:
- Full sale consideration and full cost of acquisition in Schedule CG
- The utility applies the Rs 1.25 lakh exemption itself and shows tax only on the excess
Two things to double-check before submitting:
- Grandfathering for pre-Jan 31, 2018 acquisitions: Cost of acquisition = higher of your actual purchase price or the Fair Market Value on January 31, 2018. The ITR-2 has a dedicated field for this.
- Pre-populated data from CDSL/NSDL: Cross-verify against your broker's Consolidated Account Statement. Pre-fills sometimes miss partial-unit sales or bonus shares.
For AY 2026-27 the LTCG rate on listed equity above Rs 1.25 lakh is 12.5% (changed from 10% by the July 2024 Finance Act).
This [LTCG and STCG guide for AY 2026-27](https://taxgarden.in/blog/capital-gains-tax-india-ltcg-stcg-ay-2026-27) has the full Schedule CG walkthrough with grandfathering examples.