If you are salaried and have capital gains to report, you must file ITR2. If you are a business person or a professional with capital gains, you must file ITR3. This article discusses uploading Equity MF/Share LTCG transactions in ITR2/ITR3 (Schedule 112A).
If you have equity or equity MF transactions purchased after 31st Jan 2018, you can consolidate them and register a single entry. There is then no need for an upload into the ITR utility. However, if you have older transactions (that are purchased on or before 31st Jan 2018), you will have to enter them individually.
If these are just a few, you can manually enter them. We have published a series of resources to assist you:
- A step-by-step guide to entering MF and share capital gains in ITR2 (or ITR3)
- How to Set off & Carry Forward Capital Losses in ITR2 and ITR3.
- How to use MF capital gains statement for filing ITR2 and ITR3
If you have several LTCG entries (regardless of the date of purchase), the ITR utility allows you to upload these transactions in a specific format via a CSV file in schedule 112A (screenshot below)
The downloadable CSV template has 14 columns, and these are labelled as (1a), (2), … (14). Unfortunately, the order we need to fill them is different from the column number.
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So first, we shall tabulate the order in which we need to fill them with instructions on what to do. Then you can download a template copy with some transactions filled in.
These are the eleven-column headings
- Share/Unit acquired(1a)
- ISIN Code(2)
- Name of the Share/Unit(3)
- No. of Shares/Units(4)
- Sale-price per Share/Unit(5)
- Full Value of Consideration(Total Sale Value)(6) = 4 * 5
- Cost of acquisition without indexation(7)
- Cost of acquisition(8)
- If the long term capital asset was acquired before 01.02.2018(9)
- Fair Market Value per share/unit as on 31st January 2018(10)
- Total Fair Market Value of capital asset as per section 55(2)(ac)(11) = 4 * 10
- Expenditure wholly and exclusively in connection with transfer(12)
- Total deductions(13) = 7 + 12
- Balance(14) = 6 – 13
However, you cannot enter data sequentially. This is a logical sequence in which to enter the data along with instructions. You can also download these instructions (excel file). The official instruction manual is also available.
Interpretation: Fill the columns in the following order: (1a), (2), (3), (4), (5), (8), (10),(12), (6), (11), (9), (7), (13), (14)
That is, fill the 1st, 2nd, 3rd, 4th, 5th and the move to 8th and then 10th column and so on.
This is a CSV template with pre-filled entries. Be sure to delete all entries before using.
| Column Heading | Instructions |
| Share/Unit acquired(1a) | ‘BE’ if the share/unit was acquired on or before 31st January 2018. If share/unit was acquired after 31st January 2018, enter value ‘AE’ |
| ISIN Code(2) | IF (1a) = AE then enter ‘INNOTREQUIRD’ else enter ISIN Code |
| Name of the Share/Unit(3) | IF (1a) = AE then enter ‘CONSOLIDATED’ else enter name of shares or MF. |
| No. of Shares/Units(4) | IF (1a) = AE then leave blank else enter no of shares of units. Up to 4 decimal points are allowed |
| Sale-price per Share/Unit(5) | IF (1a) = AE then leave blank else enter sale price per share or MF unit. Up to 4 decimal points are allowed |
| Cost of acquisition(8) | Enter for (1a) = AE or BE. Up to 4 decimal points are allowed |
| Fair Market Value per share/unit as on 31st January 2018(10) | IF (1a) = AE then leave blank else enter as instructed. Up to 4 decimal places allowed |
| Expenditure wholly and exclusively in connection with transfer(12) | Enter for (1a) = AE or BE. Up to 4 decimal points are allowed |
| Full Value of Consideration(Total Sale Value)(6) = 4 * 5 | IF (1a) = BE, No. of Shares/Units(4) multiplied by Sale-price per Share/Unit(5) or IF (1a) = AE – enter Full Value of Consideration |
| Total Fair Market Value of capital asset as per section 55(2)(ac)(11) = 4 * 10 | IF (1a) = AE then leave blank else: value at column 4 ‘No. of Shares/Units’ multiplied by Column 10 ‘Fair Market Value per share/unit as on 31st January,2018’. Up to 4 decimal places allowed |
| If the long term capital asset was acquired before 01.02.2018(9) | IF (1a) = AE then leave blank else use lower of (6) and (11) Rounded off (no decimals) |
| Cost of acquisition without indexation(7) | Use higher of (8) and (9). Rounded off (no decimals) |
| Total deductions(13) = 7 + 12 | sum of value at column 7 ‘Cost of acquisition without indexation’ and column 12 ‘Expenditure wholly and exclusively in connection with transfer’. Round off without decimals |
| Balance(14) = 6 – 13 | value at column 6 ‘Full Value Consideration’ minus value at column 13 ‘Total deductions (7+12)’. Round off without decimals |
I know all this can be quite daunting but all it takes to get used to is one entry.
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