Just wanted to know, have purchased shares for Rs 53000 in FY 2015-16 and sold some shares purchased 6yrs ago for Rs 16200. Whether these two entries have to be reflected in ITR while filing. Specifically in ITR2/ITR2A. Also can PPF interest and dividend income be directly mentioned in exempt income while self filing. Is there any separate form to show break up of this income?
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Income tax applicability
Replies (4)
When 6 year old shares sold thr' exchage, & STT paid, with any gains, its exempted LTCG. There is no specific column to reflect these entries in ITR 2/2A.
In case that sold off market with any taxable gain or carry forward losses, the transection gets reflected in Schedule CG in ITR2.
PPF interest and exempted dividends are seperately entered in Schedule EI 1 & 2
DO I SHOW IT IN EXEMPTED INCOME OR OTHER INCOME. WHETHER FULL AMOUNT OF SALE OR JUST GAIN TO BE SHOWN
just the gain part
No where do I show this exempted gain. Include it in income from other sources or add it with exempt income in ppf interest and dividend income
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