In ITR2 one has to provide quarterly breakup of Short and Long Term Capital Gains. But there are following issues.
Zerodha provides TAX statement for 4 Quarters while in income tax website they have 5 Quarters system. How do I do it?
Second issue, one cannot fill negative value in those quarterly columns? Then how do one show the loss of the respective quarter?
One additional thing, Zerodha provides dividend income for whole financial year. This also has to be filled on quarterly basis. Is there any way to do this other than going through whole bank statements?
In this case, you must manually enter the amount as per 5 quarters in the income tax utility.
Quarterly bifurcation is to be provided for the purpose of advance tax liability. If you have losses, no quarterly bifurcation of losses needs to be reported.
Yes, dividend income is required to be reported quarterly. You will have to enter the same manually only. You get the dividend information from Zerodha’s Tax P&L.
Thank you for your response.
Follow up question for Point No.2
Suppose, 4 Quarters have Profit and One quarter have Loss. So what I understand is, I have to fill up those 4 profitable quarters columns and skip the column where in One Quarter I had the loss.
Is that so Please Confirm?
Thank you in advance
You will have to calculate the net profit after deducting losses. The amount of net profit has to be entered in the quarters where you have earned profits.
