Long Term Capital Gain on Shares
This query is : Resolved
Prakash Mohta
(Querist)
25 March 2010
I have long term capital gain on sales of shares as only source of income. The LTCG is exempt in case of shares.
Pls advice how do i represent the same in ITR II ? Wheter i shoow as long term capital gaim under computation of Capital Gain or straight away show as exempt income on the last page mentioned.
Kindly adive how do i fill my income tax form for the same
Thanks
Prakash Mohta
Pls advice how do i represent the same in ITR II ? Wheter i shoow as long term capital gaim under computation of Capital Gain or straight away show as exempt income on the last page mentioned.
Kindly adive how do i fill my income tax form for the same
Thanks
Prakash Mohta
CA Archana
(Expert)
25 March 2010
First you should show the income as LTCG and then show the same as exempted income.
CA Ashok Kumar Sahu
(Expert)
27 March 2010
agree with expert
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