Nikita Kulkarni (STUDENT) (262 Points)
05 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182853 Points)
Replied 06 July 2018
'Schedule CG'
Sr. no. 5(a) (ii)........ gross sale value ........for STCG & 5(b) for deductions....
Similarly Sr. No. 7(a)(ii) ........ for LTCG..........
Subodh
(40 Points)
Replied 24 September 2021
On the ITDe form for ITR2 I am unable to find serial No. 5 or 7.
There is no separate item for Mutual Funds like there is for Equity.. So we have to enter this under 'Sale of assets other than all the ones listed above'. Under this heading there is only value of consideration, which is the amount of redemption. But the deductions are only available under Sec 48. Section 48 is for NRIs only. What about residents?
I am missing something. Please help.
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 24 September 2021
| Originally posted by : Subodh | ||
 |
On the ITDe form for ITR2 I am unable to find serial No. 5 or 7. There is no separate item for Mutual Funds like there is for Equity.. So we have to enter this under 'Sale of assets other than all the ones listed above'. Under this heading there is only value of consideration, which is the amount of redemption. But the deductions are only available under Sec 48. Section 48 is for NRIs only. What about residents? I am missing something. Please help. |
 |
When you first selected and added Schedule CG and then started the Schedule CG with Modify, it prompted you with a list of check boxes. Those check boxes must be read carefully and appropriate STCG, LTCG etc check boxes should be selected and checked for appropriate type of CG income. Only then such sections could get added in your Schedule CG.
If you only checked the check box of 112A, it may only allow you to enter only LTCG of equity (stocks and mutual funds).
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