LTCG under Sec 112A is shown as part of Taxable income

Subbu (User) (27 Points)

07 September 2021  

Dear all,

In efiling on the new portal, LTCG of shares under Sec 112 A amounting to less than Rs 1 lakh.

However in Schedule CYLA - it is summarised as Long Term Capital Gains (Charged to tax @ 10%) 

My query is: Should not this amount be exempted from the taxable income?

 

Thank you