Schedule 112A ITR2

This discussion addresses a common query regarding Schedule 112A of ITR2 for calculating Long Term Capital Gains (LTCG) on listed shares where STT has been paid. Users are encountering an error prompting for the market value as of January 31st, 2018, even for shares purchased after this date. The consensus is that if shares were acquired after January 31st, 2018, the market value as of that date is not applicable for tax computation. It's recommended to use the Cost of Acquisition (COA) as of the purchase date, and filling '0' for the Jan 31st value can lead to incorrect inflated capital gains. The correct approach is to input the actual purchase price in the relevant field to ensure accurate tax liability.