Capital Gain Income & Salary Income


This query is : Resolved 

Quick Summary
This discussion addresses whether an individual with salary, FDR interest, and a small short-term capital gain from stocks (including a minor loss from a single intraday trade) should file ITR-1 or ITR-2. While ITR-2 is deemed acceptable due to the capital gains, filing ITR-3 is theoretically advisable. The consensus is that filing ITR-2 should not cause future issues with the IT department given the small transaction size and the incurred loss.

(Querist)
15 May 2024 Sir,

FY 2021-22 & FY 2022-23 I have filed ITR-1 income from Salary and Interest from FDR. FY 2023-24 i have income from Salary and Interest from FDR and some short term Capital Gain Rs.3024/- from Stocks ( Stocks through delivery ) and Mutual fund I have never done Intraday and never done f&N but by i have done One Single Transaction through Intraday. Purchase Price Rs.546/- Sale Rs.520/- Loss Rs.26/- only one Single Transaction During FY 2023-24. So can i go for ITR-2 Please suggest

15 May 2024 Yes, you may file ITR 2, but theoretically it is advisable to file ITR3.

Veena Bansal (Querist)
15 May 2024 Sir,
If i file ITR-2 Can be face any issue query notice from IT Department in Future.
Please suggest

15 May 2024 Generally not, as the transaction is small in amount, and you have incurred loss over it.

Veena Bansal (Querist)
15 May 2024 Thank you Very much Sir,

15 May 2024 You are welcome.


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