ITR-2 – How and where to show long team capital gains of Debt MFs, RSUs of non-Indian company

POSTED BY JP ON June 21, 2014 1:37 pm COMMENTS (5)


I got confused with the latest Java utility for filling ITR-2. Can you please let me know, in which sections for Schedule-CG, I need to fill the below details?

1) Debt Mutual Funds

2) Equity Mutual Funds ==> I guess, I don’t need to show this, as this is not Taxable

3) Employee Stock Options/RSUs of non-Indian company

Also, let me know, if there are any other better practices to follow in this section. Thanks in advance.


5 replies on this article “ITR-2 – How and where to show long team capital gains of Debt MFs, RSUs of non-Indian company”

  1. BunkerGuide says:

    It is not clear whether LTCL from sale of equity MFs and listed securities can be reported on ITR2 form or not.
    If we report in Schedule CG, it comes in CYLA and BFLA and gets displayed in carried forward.
    We cannot enter negative values in Schedule EI.

    So where should such LTCL loss from sale of MF units and listed shares be shown?

    1. Hi BunkerGuide

      This query belongs to CA domain, hence we are not the right people to comment on this issue.

      I suggest you get in touch with a CA for this in your city.

      We also have a CA partner incase you want to explore that, Just fill in your details here and they will give you a complimentary call back


  2. JP says:

    Thanks a lot Sambaran Mitra for your answer. I will move ahead with your suggestion, unless better ones are provided.

    And YES, if there are mistakes, world will not end 🙂 (I like it)

  3. Sambaran Mitra says:

    I just finished my ‘first draft’ of IT-return-filling using the java-tools provided by IT-department.
    Based on that knowledge, here goes my answers
    1. How about section A5 for short-term-CG? Section B3 for long-term-CG?
    2. I think you will have to show this. Have you tried section-B3 on schedule-CG. I have a feeling that selecting the correct combo-box will help you pay no-tax for LTCG on equity mutual funds.
    3. Same sections. Although you will need to re-enter the details in schedule-FSI and schedule-TR.
    Tips: I agree that schedule-CG is damn complicated. However, using the popular tax support softwares have left me very bitter. They do a lousy job and the responsibility is anyway on your head. Better to wade through yourself with help from google. Even if there are mistakes, world will not end. Income tax department sends a query and accepts clarifications without much hassle.

    1. Kshitij says:

      Hi JP/Sambaran,

      Thanks for your response. Have you been able to find the right details to be entered? I am facing the same issues.

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