ITR on WebNotes

How to file Schedule 112A in ITR for PPFAS LTCG

Sun, 17 May 2026 00:00:00 +0000

Schedule 112A is the scrip-wise LTCG reporting table in ITR-2 (and ITR-3) for equity-oriented capital gains. Unlike STCG, which reports as a single aggregate line in Schedule CG, Section 112A LTCG must be reported per redemption row, with ISIN, scrip/scheme name, units, sale price, FMV on 31 January 2018, cost of acquisition, and gain. The CBDT prescribes this format precisely so the figures can be cross-checked against the AIS. For an investor with multiple PPFCF redemptions across the year (plus any switches or SWP installments), this can be twenty or thirty rows.

How to file STCG in ITR for PPFAS equity-scheme STCG

Sun, 17 May 2026 00:00:00 +0000

STCG reporting in ITR Schedule CG is simpler than Schedule 112A for LTCG. There is no scrip-wise row entry; you report a single aggregate line per period for the FY’s total Section 111A STCG from PPFAS equity-oriented schemes (PPFCF, ELSS, Arbitrage, DAAF, Large Cap). The Finance Act 2024 split FY 2024-25 into two rate periods (15 per cent before 23 July 2024, 20 per cent from then), so that one FY requires two lines; FY 2025-26 onwards uses a single 20 per cent line.

How to report PPFAS IDCW receipts in ITR

Sun, 17 May 2026 00:00:00 +0000

IDCW (Income Distribution cum Capital Withdrawal) is what SEBI’s 2021 relabeling renamed dividends. The tax treatment changed with the Finance Act 2020: the old Dividend Distribution Tax (DDT) framework was abolished, and IDCW is now fully taxable in the investor’s hands at the slab rate (not as a flat-rate capital gain). The AMC withholds 10 per cent TDS under Section 194K when IDCW from a single scheme crosses Rs 5,000 in an FY (Rs 10,000 for resident senior citizens aged 60+), and the TDS rate jumps to 20 per cent if PAN is not on record.