banner_ad

Schedule 112A ITR2

259 views 5 replies
For LTCG on listed shares where STT is paid schedule 112A is to be filled. On save error is shown saying fill up mkt value as on Jan. 31st 2018. But if the shares are purchased after 1st Feb 2018, then this 31st jan value is not applicable to compute tax liability so should one put this market price as 0 to avoid wrong computation of liability?
Replies (5)
Yes, share are purchased after 31.01.2018 then you can use COA as on date of purchase
Thank you Goyalji.. so if I put 0 in the field of price as on 31.01.18 then my COA will be considered so it is allright to do that..or should i put the COA price in the field.. i thought 0 is better as it will thrn be clear that the shares are pirchased after thae relevant date since the price cannot be 0
Yes @ Mr.Basant
Thank you Sir.

If you fill 0 in column 10 in schedule 112A for purchases made after 31-01-18 then it takes purchase price of 0 for LTCG calculation and arrives at wrong inflated figure. If the purchase price again filled in column 10, then you get the correct value.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details