Portal not showing LTCL under Schedule 112A

Taxation
1

Previous FY, I had sold quite a few shares which had been bought before 31st Jan 2018. But the IT portal is not showing loss in cases where it should. Taking example of Aurobindo Pharma:

  1. 9th May 2017: 594 (Original COA)
  2. 31st Jan 2018: 635.5 (FMV)
  3. 31st Mar 2023: 516.45 (Sale Price)

Lower of (2) & (3) is 516.45. And higher of this figure & (1) is 594. Under the Grandfathering clause, the actual COA is also 594. So, there should be a LTCL of Rs 77.55 per share. But on Schedule 112A, under Balance, it’s showing approx. 0 (after removing the ‘Expenditure wholly and exclusively in connection with transfer’ part).

This is happening for all cases where Sale Price is lower than Original COA & FMV.

Can someone please tell what needs to be done here so that I can book losses for shares bought before 31st Jan 2018?

Thanks

2

If anyone else is having the same issue, instead of uploading directly onto the portal, upload the entries using the CSV template, and it should be fine…

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3

Hi @SachinSingh

Your understanding is correct.
You can view the LTCL under the schedule CFL.

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