Capital Gain Reports in MProfit with Grandfathering

[MProfit Moderator]

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.



1) Summary

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



2) Transaction-wise

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




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.



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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