ITR6

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 September 2010 PL tell me whether we have to mannualy add tax on short term capital gain in ITR6 or system will calculate automaticaly.

If yes which column & if not where that amount will reflect.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 September 2010 depends on the software u are using

Schedule CG - Capital Gains
A) Short-term capital gain
3) From other assets
a) Full value of consideration (3a)
b) Deductions under section 48
i) Cost of acquisition (bi)
ii) Cost of Improvement (bii) 0
iii) Expenditure on transfer (biii) 0
iv) Total (bi + bii + biii) (biv) 0
c) Balance (3a – biv) (3c) 0
d) Loss, if any, to be ignored under section 94(7) or 94(8) enter positive values only (3d) 0
e) Exemption under sections 54B/54D/54EC/54G/ 54GA (3e) 0
f) Short-term capital gain (3c + 3d – 3e) (3f) 0
6) Total short term capital gain (1e + 2 +3f +4 +5) (6) 0
7) Short term capital gain under section 111A included in 6 (7) 0
8) Short term capital gain other than referred to in section 111A (6 – 7) (A8) 0