Shweta (Student CS Professional) (126 Points)
13 July 2016Just 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?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167219 Points)
Replied 14 July 2016
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
Shweta
(Student CS Professional)
(126 Points)
Replied 24 July 2016
DO I SHOW IT IN EXEMPTED INCOME OR OTHER INCOME. WHETHER FULL AMOUNT OF SALE OR JUST GAIN TO BE SHOWN
Shweta
(Student CS Professional)
(126 Points)
Replied 29 July 2016
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
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
