Whether it is mandatory to provide ISIN details and scrip-wise computation of Long Term Capital Gains (LTCG) arising on sale of Shares/Mutual Funds units on which STT has been paid?
FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2022-23
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Long Term Capital Gains reporting: ISIN and scrip-wise tool optional; taxpayers may compute and enter Schedule CG manually. The departmental utility offers optional tools to compute Long Term Capital Gains under sections 112A and 115AD for convenience; taxpayers may instead ... Summary
Long Term Capital Gains reporting: ISIN and scrip-wise tool optional; taxpayers may compute and enter Schedule CG manually.
The departmental utility offers optional tools to compute Long Term Capital Gains under sections 112A and 115AD for convenience; taxpayers may instead manually compute aggregate long term gain or loss and directly enter the figures in Schedule CG. Use of the utility, and by extension mandatory submission of ISIN or scrip-wise worksheets via that tool, is not required provided accurate computation and disclosure in Schedule CG are made.
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