Re: SCHEDULE 112A AND SCHEDULE 115AD(1)(III) PROVISO

IN THE CASE OF LONG TERM CAPITAL GAINS, IS IT NECESSARY TO GIVE SHAREWISE DETAILS FOR A.Y 2020-21?.

As per Ministry of Finance Press Release Dated, September 26, 2020, the scrip wise details in the return of income for AY 2020-21 is required to be filled up only for the reporting of the long-term capital gains for these shares/units which are eligible for the benefit of grandfathering( which was provided by the Finance Act, 2018 on gains made on the listed shares/specified units up to 31.01.2018). 

The scrip wise details are not required in income tax return forms for AY 2020-21 for computation of capital gains/business income from shares/units which are not eligible for grandfathering.

 

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