Schedule 112A and 115AD(1)(iii) of long term capital gain are provided in the Income Tax Return software as per the Instructions to the Notified ITR form and based on taxpayer feedback. Taxpayers have an option to either enter the Scrip wise details of long term capital gains in Schedule 112A and 115AD(1)(iii) so that the correct values are populated in the CG Schedule or enter the self-calculated aggregate value of long term capital gains directly under respective items in schedule CG in terms with Sec 112A or 115AD(1)(iii) without entering scrip wise details. Taxpayers may exercise either option based on their convenience. This facility is now available in ITR-2, 3, 5 & 6 utilities
Schedule 112A and 115AD(1)(iii) of long term capital gain are provided in the Income Tax Return software as per the Instructions to the Notified ITR form and based on taxpayer feedback.Taxpayers have an option to either enter the Scrip wise details of long term capital gains in Schedule 112A and 115AD(1)(iii) so that the correct values are populated in the CG Schedule or enter the self-calculated aggregate value of long term capital gains directly under respective items in schedule CG in terms with Sec 112A or 115AD(1)(iii) without entering scripwise details. Taxpayers may exercise either option based on their convenience.
Source- Home Page of https://www.incometaxindiaefiling.gov.in/home
Scripwise details of LTCG
Indian citizen , while residing in India sold equity shares in May. Then moved to USA Will be filing ITR2 in India as NRI. For his LTCG, which Sch should be filled-112 A Or 115AD(1) (b) (iii).
Also, which sch for STCG
I just spoke to IT dept helpdesk and they told that entering scrips is not optional. That is the only way to report LTCG!!
In ITR 2 form, the mentioned rows for directly entering the aggregated LTCG is greyed out. It doesn’t allow to fill in any value.
Cells 4(a), 4(c) are greyed out. They get populated only from schedule 112a and schedule 112a doesn’t allow to enter aggregate CG. What to do?