Ltcg u/s 10(38) necessary to be shown in itr?

Sarthak (Chartered Accountant) (81 Points)

30 July 2013  

Hi,

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. :)

Thank You

Regards