Where to mention sale of mutual fund (debt) in ITR 2

A person has redemption from debt mutual fund . where to mention it in CG schedule in ITR 2? And what Will be the amount ? gross amount received or only difference amount ?
Replies (3)

'Schedule CG'

Sr. no. 5(a) (ii)........ gross sale value ........for STCG &  5(b) for deductions....

Similarly Sr. No. 7(a)(ii) ........ for LTCG..........

On the ITDe form for ITR2 I am unable to find serial No. 5 or 7. 

There is no separate item for Mutual Funds like there is for Equity.. So we have to enter this under 'Sale of  assets other than all the ones listed above'. Under this heading there is only value of consideration, which is the amount of redemption. But the deductions are only available under Sec 48. Section 48 is for NRIs only. What about residents?

I am missing something. Please help.

Originally posted by : Subodh
On the ITDe form for ITR2 I am unable to find serial No. 5 or 7. 

There is no separate item for Mutual Funds like there is for Equity.. So we have to enter this under 'Sale of  assets other than all the ones listed above'. Under this heading there is only value of consideration, which is the amount of redemption. But the deductions are only available under Sec 48. Section 48 is for NRIs only. What about residents?

I am missing something. Please help.

When you first selected and added Schedule CG and then started the Schedule CG with Modify, it prompted you with a list of check boxes. Those check boxes must be read carefully and appropriate STCG, LTCG etc check boxes should be selected and checked for appropriate type of CG income. Only then such sections could get added in your Schedule CG.

If you only checked the check box of 112A, it may only allow you to enter only LTCG of equity (stocks and mutual funds).

 

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