The Central Board of Direct Taxes has clarified that scrip-wise details for Long Term capital gains required to be filed in income tax return are optional. i.e Choice of the taxpayer either he enters Script wise Detail or enter the self-calculated aggregate value.
There was Confusion among Taxpayers as well as professionals, whether to enter Script wise detail is mandatory in filing Income Tax return due to utility.
As per Clarification, Schedule 112A and 115AD(1)(iii) of long term capital gain are provided in the Income Tax Return software as per the Instructions to the Notified ITR form and based on taxpayer feedback. Taxpayers have an option to either enter the Scrip wise details of long term capital gains in Schedule 112A and 115AD(1)(iii) so that the correct values are populated in the CG Schedule or enter the self-calculated aggregate value of long term capital gains directly under respective items in schedule CG in terms with Sec 112A or 115AD(1)(iii) without entering scripwise details. Taxpayers may exercise either option based on their convenience.