If I made LTCG of less than Rs 1 lakh, do I have to report the gains in my return?
Long-term gains below Rs 1 lakh threshold have to be reported. “It is only when the taxpayer reports such income that the department will know that Rs 1 lakh exemption has been claimed on LTCG from equity investments,” says Karan Batra, a Delhi-based chartered accountant.