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Calculate Capital Gain for ITR Schedule CG

Calculate STCG (Short Term Capital Gain) and LTCG (Long Term Capital Gain) taxable at different rates and carry out adjustment of Losses as per Income Tax Return format.

A. Calculation of Short Term Capital Gain
Short-term Capital Gains (STCG) (Items 3, 4 and 7 are not applicable for residents)
1	From sale of land or building or both
	a	i	Full value of consideration received/receivable
		ii	Value of property as per stamp valuation authority
		iii	Full value of consideration adopted as per section 50C for the purpose of Capital Gains (ai or aii)
	b	Deductions under section 48
		i	Cost of acquisition without indexation
		ii	Cost of Improvement without indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (aiii - biv)
	d	Deduction under section 54B
2	From sale of equity share or unit of equity oriented Mutual Fund (MF) or unit of a business trust on which STT is paid under section 111A or 115AD(1)(ii) proviso (for FII)
	a	Full value of consideration
	b	Deductions under section 48
		i	Cost of acquisition without indexation
		ii	Cost of Improvement without indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (2a - biv)
	d	Loss to be disallowed u/s 94(7) or 94(8)- for example if asset bought/acquired within 3 months prior to record date and dividend/income/bonus units are received, then loss arising out of sale of such asset to be ignored (Enter positive value only)
3	For NON-RESIDENT, not being an FII- from sale of shares or debentures of an Indian company (to be computed with foreign exchange adjustment under first proviso to section 48)
	a	STCG on transactions on which securities transaction tax (STT) is paid
	b	STCG on transactions on which securities transaction tax (STT) is not paid
4	For NON-RESIDENT- from sale of securities (other than those at A2) by an FII as per section 115AD
	a	i	In case securities sold include shares of a company other than quoted shares, enter the following details
			a. Full value of consideration received/receivable in respect of unquoted shares
			b. Fair market value of unquoted shares determined in the prescribed manner
			c. Full value of consideration in respect of unquoted shares adopted as per section 50CA for the purpose of Capital Gains (higher of a or b)
		ii	Full value of consideration in respect of securities other than unquoted shares
		iii	Total (ic + ii)
	b	Deductions under section 48
		i	Cost of acquisition without indexation
		ii	Cost of Improvement without indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (4a - biv)
	d	Loss to be disallowed u/s 94(7) or 94(8)- for example if asset bought/acquired within 3 months prior to record date and dividend/income/bonus units are received, then loss arising out of sale of such asset to be ignored (Enter positive value only)
5	For NON-RESIDENT- from sale of securities (other than those at A2) by an FII as per section 115AD
	a	i	In case assets sold include shares of a company other than quoted shares, enter the following details
			a. Full value of consideration received/receivable in respect of unquoted shares
			b. Fair market value of unquoted shares determined in the prescribed manner
			c. Full value of consideration in respect of unquoted shares adopted as per section 50CA for the purpose of Capital Gains (higher of a or b)
		ii	Full value of consideration in respect of assets other than unquoted shares
		iii	Total (ic + ii)
	b	Deductions under section 48
		i	Cost of acquisition without indexation
		ii	Cost of Improvement without indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (5a - biv)
	d	In case of asset (security/unit) loss to be disallowed u/s 94(7) or 94(8)- for example if asset bought/acquired within 3 months prior to record date and dividend/income/bonus units are received, then loss arising out of sale of such asset to be ignored (Enter positive value only)

6	Amount deemed to be short-term capital gains
	a	Whether any amount of unutilized capital gain on asset transferred during the previous years shown below was deposited in the Capital Gains Accounts Scheme within due date for that year? If yes, then provide the details below
		Sl.	Previous year in which asset transferred	Section under which deduction claimed in that year	New asset acquired/constructed		Amount not used for new asset or remained unutilized in Capital gains account (X)
					Year in which asset acquired/ constructed	Amount utilised out of Capital Gains account
		ii	2015-16	54B
	b	Amount deemed to be short term capital gains, other than at 'a'

7	Amount of STCG included in A1-A6 but not chargeable to tax or chargeable at special rates in India as per DTAA
	Sl.	Amount of income	Item No. A1 to A6 above in which included	Country name & Code	Article of DTAA	Rate as per Treaty (enter NIL, if not chargeable)	Whether TRC obtained (Y/N)	Section of I.T. Act	Rate as per I.T. Act	Applicable rate [lower of (6) or (9)]
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
	I
	II
	a	Total amount of STCG not chargeable to tax in India as per DTAA
	b	Total amount of STCG chargeable at special rates in India as per DTAA

Total Short-term Capital Gain chargeable under I.T. Act
( A1 + A2 + A3a + A3b + A4 + A5 + A6 - A7a )

B. Calculation of Long Term Capital Gain
Long-term capital gain (LTCG) (Items 4, 5, & 6 are not applicable for residents)
1	From sale of land or building or both
	a	i	Full value of consideration received/receivable
		ii	Value of property as per stamp valuation authority
		iii	Full value of consideration adopted as per section 50C for the purpose of Capital Gains (ai or aii)
	b	Deductions under section 48
		i	Cost of acquisition with indexation
		ii	Cost of Improvement with indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (aiii - biv)
	d	Deduction under section 54/54B/54EC/54EE/54F/54GB
2	From sale of bonds or debenture (other than capital indexed bonds issued by Government)
	a	Full value of consideration
	b	Deductions under section 48
		i	Cost of acquisition without indexation
		ii	Cost of Improvement without indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (2a - biv)
	d	Deduction under sections 54EC/54EE/54F
3	From sale of, (i) listed securities (other than a unit) or zero coupon bonds where proviso under section 112(1) is applicable (ii) GDR of an Indian company referred in sec. 115ACA
	a	Full value of consideration
	b	Deductions under section 48
		i	Cost of acquisition without indexation
		ii	Cost of Improvement without indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (3a - biv)
	d	Deduction under sections 54EC/54EE/54F
4	For NON-RESIDENTS- from sale of shares or debenture of Indian company (to be computed with foreign exchange adjustment under first proviso to section 48)
	a	LTCG computed without indexation benefit
	b	Deduction under sections 54EC/54EE/54F
5	For NON-RESIDENTS- from sale of, (i) unlisted securities as per sec. 112(1)(c), (ii) bonds or GDR as referred in sec. 115AC, (iii) securities by FII as referred to in sec. 115AD
	a	i	In case securities sold include shares of a company other than quoted shares, enter the following details
			a. Full value of consideration received/receivable in respect of unquoted shares
			b. Fair market value of unquoted shares determined in the prescribed manner
			c. Full value of consideration in respect of unquoted shares adopted as per section 50CA for the purpose of Capital Gains (higher of a or b)
		ii	Full value of consideration in respect of securities other than unquoted shares
		iii	Total (ic + ii)
	b	Deductions under section 48
		i	Cost of acquisition without indexation
		ii	Cost of Improvement without indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (5aiii - biv)
	d	Deduction under sections 54EC/54EE/54F
6	From sale of foreign exchange asset by NON-Resident in India (If opted under chapter XII-A)
	a	LTCG on sale of specified asset (computed without indexation)
	b	Less deduction under section 115F
	c	Balance LTCG on sale of specified asset (6a - 6b)
	d	LTCG on sale of asset, other than specified asset (computed without indexation)
	e	Less deduction under section 115F
	f	Balance LTCG on sale of asset, other than specified asset (6d - 6e)
7	From sale of assets where B1 to B6 above are not applicable
	a	i	In case assets sold include shares of a company other than quoted shares, enter the following details
			a. Full value of consideration received/receivable in respect of unquoted shares
			b. Fair market value of unquoted shares determined in the prescribed manner
			c. Full value of consideration in respect of unquoted shares adopted as per section 50CA for the purpose of Capital Gains (higher of a or b)
		ii	Full value of consideration in respect of assets other than unquoted shares
		iii	Total (ic + ii)
	b	Deductions under section 48
		i	Cost of acquisition without indexation
		ii	Cost of Improvement without indexation
		iii	Expenditure wholly and exclusively in connection with transfer
		iv	Total (bi + bii + biii)
	c	Balance (7aiii - biv)
	d	Deduction under sections 54EC/54EE/54F

8	Amount deemed to be short-term capital gains
	a	Whether any amount of unutilized capital gain on asset transferred during the previous year shown below was deposited in the Capital Gains Accounts Scheme within due date for that year? If yes, then provide the details below :
		Sl.	Previous year in which asset transferred	Section under which deduction claimed in that year	New asset acquired/constructed		Amount not used for new asset or remained unutilized in Capital gains account (X)
					Year in which asset acquired/ constructed	Amount utilised out of Capital Gains account
		i	2014-15	54/54D/54F/54G/54GA
		ii	2015-16	54B
	b	Amount deemed to be long term capital gains, other than at 'a'

9	FOR NON-RESIDENTS- LTCG included in B1- B8 but not chargeable to tax in India as per DTAA
	Sl.	Amount of income	Item No. B1 to B8 above in which included	Country name & Code	Article of DTAA	Rate as per Treaty (enter NIL, if not chargeable)	Whether TRC obtained (Y/N)	Section of I.T. Act	Rate as per I.T. Act	Applicable rate [lower of (6) or (9)]
	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
	I
	II
	a	Total amount of STCG not chargeable to tax in India as per DTAA
	b	Total amount of STCG chargeable at special rates in India as per DTAA

Total long term capital gain chargeable under I.T. Act [B1e +B2e +B3e + B4c + B5e +B6c+ B6f+ B7e+ B8 - B9a] (In case of loss take the figure to 5xi of schedule CFL)

C. Income chargeable under the head 'CAPITAL GAINS'
Income chargeable under the head 'CAPITAL GAINS' (A8 + B10) (take B10 as nil, if loss) If result is negative, the amount is required to be carried forward as Loss.

D. Set-off of current year capital losses with current year capital gains (excluding amounts included in A7 & B9 which is chargeable under DTAA)
Type of Capital Gain		Gain of current year ↓	Short term capital loss set off			Long term capital loss set off		Current year's capital gains remaining after set off
Type of Capital Gain			15%	30%	Applicable Rate	10%	20%
Loss to be set off →
Short term capital gain	15%		NA			NA	NA
	30%			NA		NA	NA
	Applicable Rate				NA	NA	NA
Long term capital gain	10%					NA
Long term capital gain	20%						NA
Total loss set off								NA
Loss remaining after set off								NA

Updated : Mar 08, 2021

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