Now Taxpayer needs to provide scrip/Unit wise details of Shares/MF sold in ITR


Now Taxpayer needs to provide scrip/Unit wise details of Shares/MF sold in ITR

In case of long term capital gains (LTCG) arising on sale of equity shares or unit of equity oriented fund or unit of business trust on which STT is paid, separate computation of capital gains should be made for each scrip or units of mutual fund sold during the year and aggregated amount should be provided in item No. B4 (ITR 2)/B5( ITR 3) (in case of residents) or item No. B7 (ITR 2)/B8(ITR3)(in case of non-residents).

The Utility has been updated and relevant validation rules are relaxed. Please download the latest utility available under Downloads. Updated utility of ITR-5 for the same change will be available shortly.

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Deepak Gupta

Author is Chartered Accountant by Profession and having vast experience in the field of Taxation.

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