LTCG reporting for AY 2026-27: Is scrip-wise disclosure of shares required in ITR?

Taxpayers do not need to provide scrip-wise details for reporting long-term capital gains (LTCG) under Schedule Capital Gains of the income tax return forms for AY 2026-27, according to a report by the Taxmann Advisory and Research Team.

In the past, taxpayers were required to provide scrip-wise details. However, this was necessary only for cases where the grandfathering provision was applicable for reporting LTCG.

"The Finance Act 2018 has allowed exemption to the gains made on the listed shares/specified units up to 31-01-2018 by introducing a grandfathering mechanism for the computation of long-term capital gains for these shares. With respect to Assessment Year 2020-21, the CBDT has clarified that the scrip-wise details are required to be filled up for those shares/units that are eligible for grandfathering," the report said.

"Following the press release, we may conclude that the scrip-wise details are not required in income tax return forms for AY 2026-27 to compute gains that are not eligible for grandfathering," it added.

How is LTCG taxed?

For AY 2026-27, LTCG from equity is taxed at 12.5%. LTCG applies when an equity instrument is held for 12 months or more. However, the income tax rules also provide an exemption of up to ₹1.25 lakh on LTCG from equity.

In case of LTCG from property, the ITR forms require taxpayers to furnish details relating to the immovable property transferred during the year under Schedule Capital Gains.

"To track all the transactions related to the sale of immovable properties, the schedule seeks the buyer’s information, such as the buyer’s name, PAN/Aadhaar No., address of the property, date of purchase and sale of land/building, country and zip code, etc," the report said.

"It is mandatory to furnish these details regardless of whether the immovable property sold is situated in India or outside India. However, quoting the buyer's PAN is mandatory only if tax is deducted under section 194-IA or is mentioned in the documents related to the sale of the property," it added.