Should i mention profit from long term investment for IT Returns in India?

I made a profit from equity shares after 12 months. Thus i dont want to pay tax for it. Is it required to mention the profit in Form16 or in any other form.

If not mentioned, my concern is whether the profit will treat as black money as we are not declaring it. Please clarify?

The long term capital gains dose not reflect in form 16. You have to show the gains in your return as income from long term capital gains. As you have sold it after 12 month of holding, it is tax free income. Nothing to worry. It is not black money. But if you do not declare the long term capital gains, then it will automatically become black money. Declare it. It is tax free long term capital gains.

If you fill your IT Return, you will find;
1. Details of exempt income.
2. Capital gains (Long and short)

which means that you have to give details of your exempt income also, in other words you will have to give details for exempt profit from Long term capital gains also.

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