Taxpayers must submit ITR Form 2 to the Income Tax Department to file an ITR for capital gains. However, you must file ITR-3 as the return for capital gains if your total income for a given fiscal year includes income from a business or profession. For this, you must know how to show capital gains in income tax return. I have shared the detailed process below.
How to Show Capital Gains in ITR?
Here are the basic steps you must follow.
Determine whether the gain is Short-Term Capital Gain (STCG) or Long-Term Capital Gain (LTCG) based on the holding period (e.g., 12 months for stocks, 24 months for immovable property).
Calculate the profit by deducting the cost of acquisition (and improvement, if any) from the sale value. For LTCG, apply indexation to adjust for inflation if applicable.
Schedule CG (Capital Gains): Disclose details of each asset sold, sale/purchase dates, sale consideration, cost of acquisition, and exemptions claimed (e.g., Section 54 for house property).
Schedule 112A/111A: For equity shares/units, report STCG (taxed at 15%) or LTCG (taxed at 10% above Rs1 lakh exemption).
If reinvesting gains (e.g., in a new house under Section 54 or bonds under Section 54EC), provide details in the relevant sections.
Submit ITR-2/ITR-3 online and e-verify via Aadhaar OTP, net banking, or other methods from the
official portal of the Income Tax Department.
I hope you found this helpful.
Get Assistance with Your Tax Payments & Assessment from Experts at NoBroker
Also check
How to Show Sale of Property in Income Tax Return (ITR-2)?
How to Fill Capital Gains in Income Tax Return?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
How to Show Capital Gains in Income Tax Return?
ali
81 Views
1
7 months
2025-05-27T18:31:23+00:00 2025-05-27T18:31:25+00:00Comment
Share