How to file Schedule 112A in ITR for PPFAS LTCG

From WebNotes, a public knowledge base. Last updated 17 May 2026. Reading time ~7 min. Level: Intermediate.

Key facts

Applicable ITR	ITR-2 (individuals and HUFs with capital gains, no business/profession) or ITR-3 (with business/profession income)
Schedule	Schedule 112A is a sub-table within Schedule CG
Reporting granularity	Scrip-wise (ISIN-wise); each redemption transaction is one row
FY 2024-25 specifics	Two rate periods due to Finance Act 2024 mid-year change: pre-23-July-2024 (10 per cent, Rs 1 lakh exemption) and post-23-July-2024 (12.5 per cent, Rs 1.25 lakh exemption)

This guide covers filing the Schedule 112A section of ITR-2 (or ITR-3) for PPFAS Mutual Fund long-term capital gains from equity-oriented schemes. Schedule 112A is the SEBI-and-CBDT-prescribed scrip-wise reporting format for Section 112A LTCG. Each redemption transaction is one row, identified by ISIN. The Income Tax department’s pre-fill from the AIS may auto-populate some rows; the investor verifies, corrects, and submits.

Prerequisites

The PPFAS capital-gains statement for the relevant FY, downloaded from SelfInvest (see how to download a PPFAS capital-gains statement for ITR).
An understanding of which ITR applies: ITR-2 for salaried, retirees, and individuals with capital gains only; ITR-3 for those with business or profession income alongside capital gains.
For verification: the AIS download from the Income Tax e-filing portal (see how to download AIS and TIS for PPFAS reconciliation).
A registered account on the Income Tax e-filing portal at incometax.gov.in.
An understanding of the FY 2024-25 specifics: Schedule 112A in ITR-2 for FY 2024-25 has separate rate columns for pre-and-post-23-July-2024 transactions. FY 2025-26 onwards uses a single 12.5 per cent rate.
ISINs for each PPFAS scheme (the PPFAS capital-gains statement and the AIS both include ISIN).
For grandfathering computations: the FMV on 31 January 2018 per the AMFI table (or as captured in the PPFAS statement).

Step-by-step procedure

Step 1: Download the PPFAS capital-gains statement for the FY

Generate the FY-specific capital-gains statement from SelfInvest. The statement provides:

All PPFAS redemption transactions for the FY.
Section 112A LTCG breakdown.
Section 111A STCG breakdown.
Grandfathered-cost annex for pre-31-Jan-2018 acquisitions.
ISIN for each scheme.

Keep both the PDF (digitally signed) and the Excel (for copy-paste of values) at hand during ITR preparation.

Step 2: Log in to the Income Tax e-filing portal

Visit incometax.gov.in. Log in with PAN and password. If the password is forgotten, use the Forgot Password flow.

Choose e-File then File Income Tax Return. Pick the relevant assessment year (AY 2026-27 for FY 2025-26 income).

Choose the applicable ITR:

ITR-2: For individuals and HUFs with capital gains, salary, multiple house property, or foreign income, but no business or profession income.
ITR-3: For individuals and HUFs with capital gains alongside business or profession income.

Most retail investors with PPFAS holdings use ITR-2.

Step 3: Navigate to Schedule CG then Schedule 112A

Once the ITR is open:

Navigate to Schedule CG (Capital Gains).
Within Schedule CG, find the Long Term Capital Gains section.
Within that, find the Section 112A sub-table (also titled Schedule 112A in the Excel utility).

The Schedule 112A sub-table is a tabular section where each row represents one redemption transaction.

Step 4: Check AIS pre-fill data

The Income Tax department’s pre-fill workflow may already include PPFAS entries:

Click Pre-fill or Import from AIS (the exact button varies by ITR utility version).
The system pulls AIS data into the ITR.
Verify each pre-filled row against the PPFAS-issued statement.

Common AIS pre-fill issues:

Some rows missing: AMC may not have reported certain transactions to the AIS in time. Add missing rows manually from the PPFAS statement.
Different cost basis: AIS may have a different cost basis than the PPFAS statement, particularly for grandfathered lots. Override with the PPFAS-statement value (which is the authoritative source).
Switch transactions: Switches are taxable; ensure both the source-leg redemption and the destination-leg purchase are correctly attributed.

Step 5: Enter or correct row-by-row scrip-wise entries

Each row in Schedule 112A contains:

Column a: ISIN. PPFAS scheme ISINs (each scheme has one ISIN per plan/option combination, but Schedule 112A typically aggregates at the scheme level).
Column b: Name of the share/unit. E.g., Parag Parikh Flexi Cap Fund Direct Growth.
Column c: Number of units.
Column d: Sale price per unit.
Column e: Cost of acquisition without indexation. For equity-oriented schemes, indexation does not apply; this is just the actual cost.
Column f: Fair market value on 31 January 2018. For pre-31-Jan-2018 acquisitions only; otherwise blank.
Column g: Cost of acquisition (higher of column e or column f). Auto-computed.
Column h: Total sale consideration.
Column i: Total cost of acquisition (Column g times units).
Column j: LTCG. Auto-computed as column h minus column i.

For each PPFAS redemption transaction, enter one row. For multiple redemptions of the same scheme on different dates, enter separate rows.

For FY 2024-25, the Schedule 112A may have separate sub-sections for pre-23-July-2024 and post-23-July-2024 rows. Use the date columns to attribute correctly.

Step 6: Aggregate and apply the annual exemption

Schedule 112A’s summary row aggregates total LTCG across all entries:

Schedule 112A LTCG total: Sum of column j across all rows.
Annual exemption applied: Rs 1,25,000 for FY 2025-26 (or Rs 1,00,000 for pre-23-July-2024 transactions in FY 2024-25).
Taxable LTCG: Total minus exemption.
Tax at 12.5 per cent (or 10 per cent for pre-23-July-2024).

The taxable LTCG flows to the main tax-computation section of ITR-2 or ITR-3.

Step 7: Verify the Schedule CG summary

Open Schedule CG (the parent schedule). Verify:

Section 112A LTCG aggregate matches Schedule 112A summary.
Section 111A STCG aggregate matches Schedule 111A entries.
Other LTCG (debt funds with slab-rate post Finance Act 2023, real estate, etc.) is correctly captured elsewhere in Schedule CG.

The Schedule CG total flows to Income from Capital Gains in the ITR’s income summary.

Cross-check against:

The PPFAS-issued capital-gains statement.
The AIS (which aggregates across all sources, not just PPFAS).
Other AMC capital-gains statements if the investor holds across multiple AMCs.

Step 8: Submit the ITR with Schedule 112A populated

After validation:

Run Validate to catch any missing fields or computation errors.
Click Submit to file the ITR.
E-verify within 30 days using Aadhaar OTP, net banking, or other supported methods.

E-verification is mandatory; an unverified ITR is treated as not filed.

What can go wrong

AIS pre-fill incomplete: AMC reporting to the Income Tax SFT system has occasional gaps. Verify against the PPFAS-issued statement, which is authoritative. Add missing rows manually.
AIS-statement mismatch: Common causes include AMC reporting under a different ISIN, AMC reporting timing differences, or stale data. Submit AIS feedback at the Income Tax portal to flag mismatches.
Grandfathered FMV not pre-filled: The Income Tax pre-fill may not include the grandfathered FMV column for pre-31-Jan-2018 acquisitions. Enter manually from the AMFI 31 Jan 2018 grandfathered NAV table or the PPFAS statement.
FY 2024-25 mid-year rate change confusion: The pre-23-July-2024 LTCG is taxed at 10 per cent with Rs 1 lakh exemption; the post-23-July-2024 LTCG at 12.5 per cent with Rs 1.25 lakh exemption. The Rs 1 lakh and Rs 1.25 lakh exemptions are not stacked; the higher amount applies if any transaction in the FY post 23 July 2024. CBDT clarifications determine the exact computation.
Switch redemption leg missed: Switches are taxable on the redemption leg. The PPFAS statement captures this; ensure the Schedule 112A includes switch-out events.
STT applicability for direct AMC redemption: Section 112A requires that STT has been paid. For direct AMC redemptions, the AMC pays STT on the investor’s behalf and the investor is deemed to have met the requirement. The Schedule 112A simply requires the entry; no separate STT proof is needed.
Loss in some scrips, gain in others: Section 112A LTCG can be set off against losses from other equity-oriented MFs and listed equity within the same FY. The Schedule allows net computation.
Carry-forward of unused losses: Equity LTCG losses (if total LTCG is below the exemption, no loss; but if specific lots show losses) can be carried forward for 8 years to set off future LTCG. The Schedule captures this through Schedule CFL (Carry Forward of Losses).
ITR-1 cannot include capital gains: Investors with PPFAS LTCG must use ITR-2 or ITR-3. ITR-1 (Sahaj) is restricted to investors with no capital gains.
NRI Schedule 112A: NRIs use the same Schedule 112A but with different TDS rates and tax-residency considerations. Consult a tax adviser for NRI ITR.

How to download a PPFAS capital-gains statement for ITR is the prerequisite document
How to compute LTCG on PPFCF with grandfathering covers the underlying computation
How to compute STCG on PPFAS equity schemes covers the parallel STCG computation
How to file STCG in ITR for PPFAS equity-scheme STCG covers the Section 111A ITR entries
How to report PPFAS IDCW receipts in ITR covers IDCW Schedule OS entries
How to download AIS and TIS for PPFAS reconciliation covers the AIS download
How to reconcile AIS with the PPFAS capital-gains statement for ITR covers the reconciliation workflow

External references

References

Income Tax Act, 1961, Section 112A and Section 80EE.
Finance Act, 2024 (Section 112A rate of 12.5%, Rs 1.25 lakh exemption, effective 23 July 2024).
Finance Act, 2018 (introduction of Section 112A and grandfathered-cost provision).
CBDT Notification on ITR-2 and ITR-3 forms (current AY).
CBDT circulars on Schedule 112A pre-fill and AIS integration.
Income Tax e-filing portal ITR-2 utility documentation.
AMFI 31 January 2018 grandfathered NAV table.
PPFAS Mutual Fund, Scheme Information Documents.
SEBI Master Circular for Mutual Funds, 22 May 2024.
PPFAS investor desk FAQ at amc.ppfas.com/faqs/.

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WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 17 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.