Where to add foreign captial gains in ITR-2?

ITR 1042 views 3 replies

I have short term capital gains (less than 2 years) from the sale of foreign stocks.  

 

Where should I enter these in ITR-2 in Schedule CG?

I am entering at Captial Gains -> Short Term -> Section 5 (From sale of assets other than A1 or A2 or A3 or A4 above) in the excel utility.

Is this correct?

I am seeing that gains from this Section 5 are getting charged as per applicable rate , so I assumed it is correct , but not 100% sure.  

 

Also gains from  Captial Gains -> Short Term -> Section 2 as well are charged as per applicable rate , but this section mentions that STT is paid for the transation , but may not be true for foreign stocks.

 

Replies (3)
Yes, first option is correct.

Thanks Rambhia sir. What about STCG from debt funds in India (which are taxed at applicable rates as well)? 

I guess it is same section [Captial Gains -> Short Term -> Section 5 (From sale of assets other than A1 or A2 or A3 or A4 above) ]. Please correct me if I am wrong. 

 

If it is the one , do I need to combine Debt funds STCG from India and foreign equity STCG and fill them in the same section?  

I kind of feel that mixing debt fund and equity fund gains into one column is quite right.

Yes correct for both questions, as for equity ST STT not paid.


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