Become a Certified GST Practitioner in just 58 hrs. Register Now!

Error in ITR Schedule 112A

Tejas bhagat (CA Finalist) (201 Points)

27 March 2022

I am filing Income Tax Return for AY 21-22 online mode. I filled Schedule 112A with all the details including the ISIN no for the units. Name of the unit got auto populated after I typed the ISIN.

However while validating the return, it shows error

"Please enter name of the Share / Unit"

When I go to Schedule 112A the unit name is blank but has a single drop down where correct name is auto populated. I selected it and confirmed.. still the same error pops up.

Please let me know. I need solution before 31st

Reply
Follow
Share

6 Replies

sashank sashi (97 Points)
Replied 27 March 2022

It's a glitch in the Incometax portal, add that long term capital gains as short term capital gains, don't worry bcoz we're paying more tax on short-term capital gains (15%) when compared to long term capital gains(10%) and see what's the final impact of tax on it

Upgrade to CAclubindia Pro. Subscribe Now!

Tejas bhagat (CA Finalist) (201 Points)
Replied 27 March 2022

Cannot do that as LTCG is less than 1 lakh Rs. Hence there is exemption but details need to be disclosed as AIS report has captured all the Sale Transaction.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 27 March 2022

Use offline utility or third party softwares..

We may come across many issues on online portal

1 Like

ALAMELU.N.N (student) (258 Points)
Replied 27 March 2022

I had similar glitch in the online ITR. You can download the JSON and open it in offline utility. Correct the mistake then upload the ITR it should be resolved.
If still not ok remove the line completely and type again. Another way is fill in CSV format and upload it.

1 Like