Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

SHORT CAPITAL GAIN DEEMED

418 views

Save Share

Join Us Follow Us Add as Source

MURALIDOSS

INCOME TAX PRACTITIONER

1023 Points Posted on 13 July 2023

Sir,

As per the share broker's statement there was a net short term capital gain and Net Long term Capital gain Loss i.e., 6500/- is short term gain and 6000/- as long term Loss. Can I declare it in Deemed Short term and Deemed Long term capital gain in itr 2 Form?

Replies (4)

Quick Summary

This discussion clarifies how to report capital gains and losses in the ITR 2 form. Specifically, it addresses a user's query about declaring a net short-term capital gain alongside a net long-term capital loss. The advice given is to fill in the relevant columns accurately rather than using 'deemed' categories, ensuring correct tax filing.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 13 July 2023

No. Need to fill the relevant columns.

MURALIDOSS

INCOME TAX PRACTITIONER

1023 Points Posted on 14 July 2023

Thank you sir, I complete with relevent columns and filed return.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121546 Points Posted on 14 July 2023

Happy to learn that.

Good filing...

Aashok Kumar Sharma

Finance/Compliance Consultant

77025 Points Posted on 08 November 2026

Net STCG and LTCG from a broker statement:
• Report STCG (111A) and LTCG (112A) as per the broker's tax P&L, using the actual sale and cost values. Netting within the same category is done in the ITR. STCL can be set off against LTCG too.
• For 112A, report scrip-wise (with grandfathering FMV for shares bought before 31 January 2018).
• If the broker shows a "deemed" STCG (e.g. for debt MF units bought after April 2023, deemed short-term under 50AA, or market-linked debentures), report them as STCG at slab rates (not 111A).