for individual , how to show a capital gain of 12000 from shares in ITR2 .
rgd s
1 Replies
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 22 July 2019
Option 1) Open Schedule CG - Go to B4
Enter Full Value of Consideration which was the sale value
Enter Cost of Acquisition (FMV based on grandfathering clause applied)
Enter any expenses incurred on transfer of the capital asset
Schedule CG will automatically calculate and display the Capital Gain
Go to the bottom of Schedule CG and enter the gain appropriately in the quarter
Option 2) Open Schedule 112A
Enter Details of Stocks or equity mutual funds as the case maybe
Enter details relevant as asked in 112A
System will auto-populate the Schedule CG - B4 section
Make sure you still enter the table at bottom of Schedule CG with the right amount that accrued as per quarter
Recent Topics
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
Related Threads
CAclubindia
