All disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accurate tax liability computation, you must file under the relevant sections only. For example, if you enter LTCG from equity under Section 112 instead of 112A, you will miss the Rs.1.25 lakh exemption.

Many individual taxpayers view filing an Income Tax Return (ITR) as a straightforward task—declaring salary income, updating investment details and paying any balance tax.…

All disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accurate tax liability computation, you must…