When Schedule CG applies
Schedule CG captures [capital gains](/glossary/capital-gains-schedule) — profit or loss from selling shares, mutual funds, property, gold, etc.
If you sold listed equity or MF units in the financial year, you generally need ITR-2 (not ITR-1). See ITR-1 vs ITR-2.
STCG vs LTCG (equity-oriented, indicative)
Rates and holding periods change with budget law — verify for AY 2026-27:
| Type | Typical holding | Tax treatment (check current law) |
|---|---|---|
| Short-term (STCG) | ≤ 12 months listed equity | Special rate |
| Long-term (LTCG) | > 12 months | Exemption limit + rate on balance |
Debt mutual funds and property follow different rules — do not reuse equity rates.
Data sources
- Broker tax P&L (Zerodha, Groww, etc.)
- AIS securities transactions
- Form 16A TDS on sale (if any)
Broker P&L is a helper — you remain responsible for correct schedule entry on portal.
Loss set-off and carry forward
Capital losses can offset gains within rules. Unused losses may carry forward for set-off in future years — filing is required to preserve carry-forward in many cases.
Common mistakes
- Filing ITR-1 with equity sales
- Ignoring AIS broker lines
- Wrong cost of acquisition for ESOP/allotted shares
- Missing STT-relevant categories
Related
Broker import is on our roadmap — today, use broker CSV/P&L and verify every line against AIS.