Capital gain query ITR


This query is : Resolved 

Quick Summary
This discussion addresses a salary earner's query about filing Income Tax Returns (ITR) with capital gains from stocks and mutual funds. The advice given is that ITR-2 is the appropriate form, even with a small, single intraday transaction. It's recommended to disclose all capital gains under the relevant section, and the user is assured that filing ITR-2 for these circumstances is unlikely to attract future queries from the IT department.

(Querist)
04 March 2024
Sir,

please provide your valuable advise I am salary person I don't have any business income. i have some Capital Gain from stocks and mutual fund. I don't done f&o and no intraday only delivery basic Transcation. but I did one single Transcation Rs.547/ purchase and 477/- sale through intraday. Can I go for ITR2 it's very small amount. disclose all under Capital gain.

please advise.



04 March 2024 Yes, go for ITR 2 ignore intraday trading as it's a small amount.

Vaneet Monga (Querist)
04 March 2024 Sir,
if i file ITR-2 Can we received any query notice from iT department in Future Please suggest

04 March 2024 No notice will be received in such a case.

Vaneet Monga (Querist)
04 March 2024 Thank you Sir,

04 March 2024 You are welcome..
..


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