ET Wealth | Capital gains reporting errors to avoid
Synopsis All disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accurate tax
Synopsis All disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accurate tax liability computation, you must file under the relevant sections only. For example, if you enter LTCG from equity under Section 112 instead of 112A, you will miss the Rs.1.25 lakh exemption.
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