Please let me know under which schedule of ITR2 of returns the long term capital gains received by an individual on account of buyback of shares? I had shares of ELPRO International which was bought back by the company.
Latha-If STT paid, then you have to mention in exempt income details. If STT not paid, then you have to mention it in LTCG (Schedule CG).
I thank you very much for your prompt reply for my query . Now I am a little confused as I do not know where to show the amount I have received on surrendering my Elpro International shares under the “open offer scheme”. pl advise me whether it should be shown in all schedules i.e:SI,BFLA,CYLA,CGB3,CGB10,CGC,CGE.Further at what rate I have to pay the capital gains tax? I was holding the shares for more than 10years before surrendering the same.
First let me know whether the STT paid?
STT is not paid