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Issue ID: 109392
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Descripency in form No. ITR2 for AY 2015-16

Date 13 Nov 2015
Replies0 Replies
Views 998 Views
Short-term capital gains reporting: form disallows negative breakup entries, causing total mismatch in return filing.
Difficulty arises in reporting short term capital gains on ITR 2 where the annual total must be allocated across four time ranges but one period shows a capital loss; the CG breakup field does not accept negative entries, preventing the breakup sum from reconciling with the declared annual short term gain and creating a filing discrepancy. (AI Summary)

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.

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