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Capital Gain Reports in MProfit with Grandfathering

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  • Capital Gain Reports in MProfit with Grandfathering

    MProfit now supports the computation of Capital Gains as per the LTCG Grandfathering Clause that is applicable from 01-Apr-2018. This post describes the various formats of Capital Gain Reports that are available in MProfit, such as summary and detailed reports.

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    1) Summary

    This report shows totals of intra-day, short-term and long-term capital gains for each asset for each financial year.

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    2) Transaction-wise

    This report shows transaction-wise capital gains for each asset with effective cost of acquisition (CA) as per grandfathering rules.

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    3) Transaction-wise and Categorised into LT/ST and Speculative

    This report shows transaction-wise capital gains with all the details such as Original Purchase Price (PP), FMV (highest price as on 31-Jan-18) and Cost of Acquisition (CA) as per grandfathering rules.

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    4) Income Tax Return Format

    This report can be saved in Excel and can be modified to present to your CA for filing Income Tax Return. This report shows transaction-wise capital gains with all the details such as Original Purchase Price (PP), FMV (highest price as on 31-Jan-18), Cost of Acquisition (CA) as per grandfathering rules.

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