ITR 2 ( Income Tax Return )

I am using ITR-2 for AY 2011-12 income tax returns where I will mention my interest income and capital gain from sale of my residence, along with 54EC Exemptions. This I am doing through online as directed by your site. I have taken a sample print out of the Return and while going through this, in Schedule CG Capital Gain I noticed the following. I can deduct the Exemption in B.3.d, but got to add this again in B.4 of this Schedule. So the net result will be same amount as if it is before deduction. And B5 will show the figure arrived in B.3.c. of the schedule. Is this the correct way? Kindly advice

asked Jun 04 '11 at 01:39 by titatin 1111

You will have to use section B.2 for gain arising from sale of residence. It has to be used for assets where indexation benefit is used.

answered Jun 08 '11 at 07:14 by Pankaj Batra 5.2k320


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Asked: Jun 04 '11 at 01:39

Seen: 2,908 times

Last updated: Jun 08 '11 at 07:14