Taxpayers' residential status and total income from various sources will determine which ITR form they must use when filing their income tax returns. If you are planning to fill capital gain, you must go through the steps on how to fill capital gains in income tax return. I have shared the process below.
How to Fill in Capital Gains Section of Tax Return?
To report capital gains in your Indian income tax return (ITR), you need to file either ITR-2 (for property sales) or ITR-3 (for business income with capital gains). Here is the process you must know.
Calculate your short-term (STCG) and long-term capital gains (LTCG) separately for each asset sold during the financial year.
For property, long-term gains (held over 24 months) must be reported in Schedule CG with details of acquisition cost, sale consideration, indexed cost (if applicable), and claimed exemptions under Sections 54, 54EC or 54F.
In the ITR-2 form, fill Schedule Capital Gains (CG) by entering:
Property sale details including date of purchase/sale, sale value and address
Calculation of indexed cost for LTCG (using Cost Inflation Index)
Deductions claimed under property reinvestment exemptions
Final taxable amount after exemptions
For shares/mutual funds, report STCG (held <12 months for equity/36 months for debt) under appropriate heads with 15% or slab-rate taxation. LTCG on equity (held >12 months) above Rs 1 lakh is taxed at 10% without indexation.
Attach all supporting documents like sale deeds, purchase agreements and investment proofs for exemptions.
E-verify your return after submission to complete the process.
This is all about how to fill capital gains in ITR.
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How to Fill Capital Gains in Income Tax Return?
pragati
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2025-05-24T06:33:04+00:00 2025-05-24T06:33:05+00:00Comment
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