Express ITR || Capital Gain Data Feeding Process

Follow these steps to efficiently input capital gain data for a client in the Express ITR application:

Step 1: Access the Client Profile

1. Open the client’s profile and navigate to the ITR Summary section within the profile.
2. Click the button under Return Flow to open the relevant ITR options.
   

      

Step 2: Select Capital Gain Section

1. Click on the Capital Gain heading to access the capital gain data entry section for this client.
   

      

Step 3: Open the Appropriate Annexure

1. In the Capital Gain section, select the appropriate annexure and input the relevant details based on the type of capital asset.
   

      

Steps to Import Capital Gain Data Using Excel - Click Here!

Annexures and Relevant Information

1. Shares (Listed and Unlisted)

1. ISIN (International Securities Identification Number)
   
2. Date of Purchase/Sale
   
3. Whether STT Paid (Yes/No)
   
4. Fair Market Value (FMV) per share
   
5. Other relevant details
   

      

2. Equity-Linked Mutual Funds

1. Name of the Mutual Fund
   
2. ISIN
   
3. Date of Purchase/Sale
   
4. FMV per unit
   
5. Other relevant details
   

      

3. Building/Land (Immovable Property)

1. Type of Property:
1. Residential House
   
2. Urban Agricultural Land
   
3. Land/Building/Any Right in Land or Building
   

1. Asset Type, Dates, and Details:
   
1. Purchase/Sale Date
   
2. Deduction/Improvements
   
3. Exemptions Claimed
   
4. Property and Buyer Details
   

      

4. Bonds and Debentures

1. Date of Purchase/Sale
   
2. Sale Consideration
   
3. Cost of Acquisition
   
4. Other relevant information
   

      

5. Deemed Capital Gains

1. Type of Asset
   
2. Type of Capital Gain (Short-Term/Long-Term)
   
3. Section under which the asset falls
   
4. Asset Transferred Year
   
5. New Asset Acquired Year
   
6. Amount Invested in CGAS (Capital Gain Account Scheme)
   
7. Amount Utilized
   
8. Deemed Capital Gain if the amount is not invested in CGAS
   

      

6. Slump Sale

1. Date of Transaction
   
2. Sale/Purchase Value
   
3. Exemption-related details
   

      

7. Others (e.g., Debt-Oriented Mutual Funds, Unquoted Shares, Foreign Exchange Assets, etc.)

1. Nature of Asset
   
2. Purchase and Sale Dates
   
3. Sale Consideration
   
4. Purchase Cost
   
5. Transfer Expenses
   
6. Cost and Date of Improvement (if applicable)
   

      

Ensure all details are accurately entered into the respective annexures to reflect correct computations in the ITR. This process will help you efficiently handle various capital gain scenarios for your clients.

Hope this is helpful!

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