I filled Sch 112A with share transaction .Shares were purchased before Jan 2018. 13000 ₹LTCG was calculated. But it was transferred to CG schedule 4a and 10 % tax was levied. How to get the exemption u/s112A in ITR 2 in AY 20_21 ? Please guide me.
Menu
ITR 2 does not give exemption to LTCG for shares below one lac.
Replies (1)
Long term capital gain arrive by sales value minus cost of acquisition as per grandfather rule minus transfer expenses
ask your broker to give you both FMV as on 31 Jan 2018 and the cost of acquisition as per grandfather ing rule in their tradewise tax profit and loss statement or report
file as per that report with all mandatory session
ask your broker to give you both FMV as on 31 Jan 2018 and the cost of acquisition as per grandfather ing rule in their tradewise tax profit and loss statement or report
file as per that report with all mandatory session
Recent Threads
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
- Charity Commissioner of Maharashtra site error
- GST under my personal name
- FORM 26QB CORRECTION DATE OF PAYMENT/CREDIT
- Which TDS section Applicability - Education suppor
Related Threads
CAclubindia
