Descripency in form No. ITR2 for AY 2015-16

[Anand Shreedhar]

While filing my IT return for AY 2015-16 in ITR2 form I had a problem regarding entering the details of Short term capital gains (arising out of sale of shares in my case).I had entered the total short term Capital gain during the year as ₹ 100/-( say).I am also required to give the breakup of this amount of ₹ 100/- under four time spans i.e a)Upto 15/09/2014 b) from 16/09/2014 to 15/12/2014 c)from 16/12/2014 to 15/03/2015 & d) from 16/03/2015 to 31/03/2015

In my case the breakup is a)Rs.60 b)Rs.20 c) Rs.-30 & d) Rs.50

I had incurred a Short term Capital loss of ₹ 30 during this period i.e from 16/12/2014 to 15/03/2015 & hence I have to enter -30 ,but the column in the ITR2 form (in sheet CG) is not accepting any negative values.If I don't put the negative value ( i.e -30) the total Short term Capital Gain will not Tally to ₹ 100/-.

I request the learned people under this forum to please guide me as to how to solve this problem.Please inform whether it is is a descripency in ITR2 form itself to not to accept -ve values under this breakup.

AI Summary

Taxpayer Faces Issue Reporting Short-Term Capital Gains on ITR2 Due to Form's Inability to Accept Negative Values An individual encountered an issue while filing their Income Tax Return for the Assessment Year 2015-16 using the ITR2 form. The problem arose when attempting to report short-term capital gains from share sales. The form required a breakdown of the total gain of 100 across four time periods, but one period showed a loss of 30. The form did not accept negative values, causing a discrepancy in the total. The individual sought advice from forum members on how to address this issue and queried if the inability to enter negative values was a form discrepancy.