Schedule cg of itr 2 ay 2018-19

ITR 3579 views 17 replies

Schedule CG has section F (Information about accrual/receipt of capital gain), it is required to give capital gains values for
Upto 15/6 (i): Say I have nil
16/6 to 15/9 (ii): Say I have 20,000
16/9 to 15/12 (iii): Say I have 35,000
16/12 to 15/3 (iv): Say I have 40,000
16/3 to 31/3 (v):Say I have loss of 30,000

Since negative values are not accepted for the above, shall I reduce the positive values over the three time periods earlier to arrive at total CG of 65,000?
Say, shall I report 0, 10000, 25000, 30000, 0 respectively in section F?

Replies (17)

There is no adjustment in quarterly declaration.

Only the last figure will be '0'...... Others as it is. (though it may look like more then aggregate CG)

It doesnt work, there is validation error showing that "Please ensure that the total of values in F(1) in Sheet CG for STCG 15% is equal to item 3iii of schedule BFLA". That is the reason I posted this question. The sheet indicates STCG after set-off, whereas set-off has to be within FY.

Please advise.

Originally posted by : kailas
It doesnt work, there is validation error showing that "Please ensure that the total of values in F(1) in Sheet CG for STCG 15% is equal to item 3iii of schedule BFLA". That is the reason I posted this question. The sheet indicates STCG after set-off, whereas set-off has to be within FY.

Please advise.

Only 'A2e' of 'CG' will reflect in '3iii' of BFLA........ and it will not be affected with data of "F" of CG...  (the data 'F' is for advance tax calcualtion only)

Originally posted by : Dhirajlal Rambhia



Originally posted by : kailas



It doesnt work, there is validation error showing that "Please ensure that the total of values in F(1) in Sheet CG for STCG 15% is equal to item 3iii of schedule BFLA". That is the reason I posted this question. The sheet indicates STCG after set-off, whereas set-off has to be within FY.

Please advise.





Only 'A2e' of 'CG' will reflect in '3iii' of BFLA........ and it will not be affected with data of "F" of CG...  (the data 'F' is for advance tax calcualtion only)

Thanks for the explanation!

In which section losses in STCG shall be reported?

You are suppossed to declare aggregate STCG in 'A2' of CG...... The loss need not be declared separately.

If there is no gain in a particular year, and loss in STCG is to be reported, will it be just by filling 2(i) or anything else is required?

Process remains same......

Thank you Sir!

My Pleasure  .......

Sir,

In AY 2018 - 2019  ITR 2 Java , Even when i given the correct value in Income chargeable under Salaries(4) and in Salary sheet Salary value it throwing error

The amount of Salary disclosed in Income details is less than 90% of salary reported in Schedule TDS 1.Please re-check the values. But it works fine in ITR 2 Excel ,is it ITR 2 java have issues ?

 

Dear Dilli Babu......

Check your figures with form 16 properly. If they are matching, no need to worry about the warning ( it is additional facility in java utility)

In case, you are claiming any additional deduction/s, check that they are as per rules (with proofs); so that in case of query, in future, the same can be justified.

Hi, I have a similar problem. MY STCG are : Upto 15/6 Loss of 1157 16/6 to 15/9 - Profit of 3455 16/9 to 15/12 - Profit of 1417.6 Rest two time periods are all zeroes How do i bifurgate to tally with total CG of 3717? If i dont enter negative values here, i keep on getting an error that the total of values in table F1 of CG for STCG 15% does no equal item3iii of BFLA Rs 3717. Please advice.

The loss of first quarter can be adjusted in second quarter's profit.... & so forth..... till it gets adjusted.....

Ok. Thankyou. Appreciate your help.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register