M. Sreehari (Retired Professor) (77 Points)
06 January 2020I want to sell some MF units which I have been holding for over 10 years. If there is going to be some LTCG (loss or profit) where should I mention it in ITR 2 ? I know that I have to fill Schedule 112A in case of sale of shares and it automatically gets carried to CG Schedule.
Debiprasad Jana
(295 Points)
Replied 06 January 2020
M. Sreehari
(Retired Professor)
(77 Points)
Replied 06 January 2020
Thanks for the quick reply. I found that in ITR 2, I have to fill Schedule CG. This contains Part A for STCG and Part B for LTCG. In part B, item 4 is for sale of equity shares or equity oriented funds. The data for item 4 comes from Schedule 112A. But Schedule 112A seems to concern only Equity shares because one of the important columns relates to Fair Market Value of the capital asset/unit sold. How do I get the information on the FMV of MF units?
manthan shete
(37 Points)
Replied 06 January 2020
M. Sreehari
(Retired Professor)
(77 Points)
Replied 07 January 2020
Thank you, Mr. Manthan. The information you provided will be useful when I sell some units.
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