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Error in ITR2 schedule CG Sec B3?

J S BHAVSAR (CONSULTING) (1288 Points)

20 July 2018

ITR2 for AY 2018-19

When I entered listed stock long term equity capital gains in Schedule CG -> Section B3, I am getting some positive capital gains in Row B 3ic. These are Long Term Capital Gains from Listed Securities in FY 2017-18.

I find that in ITR2, positive gains are getting taxed 10%. As far as I know, 10% tax (without indexation) is going to be applicable from FY 18-19. There should be no tax ideally.

Is my understanding wrong? Or is there error in ITR2?

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J S BHAVSAR (CONSULTING) (1288 Points)
Replied 20 July 2018

Listed securities means the securities which are listed on any recognised stock exchange in India.

Securities means:

Shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate
Derivative
Units or any other instrument issued by any collective investment scheme to the investors in such schemes.
Security receipt
Units or any other such instrument issued to the investors under any mutual fund scheme.
Government securities
Such other instruments as may be declared by the Central Government to be securities.
Rights or interest in securities.

Note: However, it should be noted that the shares of the private limited companies does not come under the ambit of securities.

So what are the Listed Securities then? Any examples?