I am having LTCG u/s 10(38) after paying STT in my firm which is having turnover of more than 1 crore (means audit case). Now is it necessary to show that 10(38) income in my ITR. I don't want to show that income in my ITR, so can i do that. If yes please provide supportive law or section and if no then again with supportive law and section.
And suppose if i choose to skip that income what will be the consequences of the same (with supportive law and section).
Please provide the answer asap bcz 31st is tomorrow and i have to final my return.
Hope i am not asking much. :)