Ruchi Agrawal (law) (129 Points)
26 July 2010Please help me in filling LTCG in ITR 4:
Full value of condiseration 15 lacs
cost of acquisition after transfer 686737
Balance 813263
Deduction u/s 54EC 820000
Net Balance NIL
Amount deemed to be LTCG u/s 54/B/54C/54D/54E/54F/54G/54GA NIL
Total LTCG (ITR form says enter nil if loss) What to mention in this
Income chargeable under the head CAPITAL GAINS (ITR form says enter nil if loss) What to mention in this
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 26 July 2010
dear karunesh
the information submitted by you shows that there is no loss.
u have both options- u can file full details of gain or enter nil.but it is better to show details of gain in this case.
and what is the meaning of cost of acquisition after transfer i think it's after indexation.
CAclubindia
