Scrip Wise details of long term capital gains in Schedule 112A of ITR is optional – CBDT

By | July 20, 2019
(Last Updated On: July 20, 2019)

As per advisory hosted at income tax e-filing website, Schedule 112A and 115AD(1)(iii) of long term capital gain are provided in the Income Tax Return software as per the Instructions to the Notified ITR form and based on taxpayer feedback.

The advisory says that taxpayers have an option to either enter the Scrip wise details of long term capital gains in Schedule 112A and 115AD(1)(iii) so that the correct values are populated in the CG Schedule or enter the self-calculated aggregate value of long term capital gains directly under respective items in schedule CG in terms with Sec 112A or 115AD(1)(iii) without entering scripwise details.

Taxpayers may exercise either option based on their convenience, says the advisory.

Note: The concept of grandfathering in the case of LTCG on sale of equity investments was introduced by the Finance Act 2018

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