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Ranga Rajan

Capital gains - short term

I have made a short term capital gains of Rs. 5605/- . Quartewise breakdown is Q1 1246,Q2 -1626 and Q3 5985. I am unable to reflect the same at Sl. No. F of Sch CG in ITR 2as - ve figures are not accepted by the ITR excel utility provided. Pl advice more  

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SRINIVASA S
Sanmatindra Jain, Before entering in excel they have to take print and fill columns what are applicable and which are comes under which section. Then only they have to go to file anline. On Fri, Jul 15, 2016 at 10:13 PM, Sanmatindra Jain < support@localcirclesmail.com> wrote: > more  
Sanmatindra Jain
Dear Ranga rajan, The answer is that your Q2 income will be 0 and Q3 will be 5985-1626. more  
SRINIVASA S
try once again at stcg. On Fri, Jul 15, 2016 at 9:00 AM, Ranga Rajan wrote: > more  
DEVINDER SHARMA
The quarter wise capital gains information is required to determine your advance tax liability and compared against the advance tax paid. One is required to pay advance tax on capital gains upto the due date of payment of advance tax. Any shortfall attracts interest liability. For example if a tax payer has capital gains of one lakh during the period April to 16/06, the advance tax is payable on such amount. However, subsequently, in the last quarter if there is a loss of one lakh with nil capital gains for the entire year, there is no income tax liability. In case the tax payer has not paid any advance tax on the capital gains of the first quarter, interest is payable even if there is no liability to pay income tax on capital gains. more  
Milind Korday
capital gain is always to be positive manner. -ve is a loss. Sh. devinder sharma rightly said. more  
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