Confused about ITR form to use
This query is : Resolved
17 September 2021
Hi,
I have a query for ITR for FY 2020-21. Till date i have always used ITR-1 form. Since last year, I have started doing equity trading. Also, i have sold some mutual funds. Following are gains made:
Equity trading short term capital gain = 10000 Rupees
Long term capital gain by sale of mutual fund units = 40000 Rupees
Dividend earned from equity holdings = 2000 Rupees
Interest from tax free bonds = 20000 Rupees
Apart from that I have salary income and interest from Fixed deposits. Please advise if i shall continue to use ITR-1 or any other ITF form I should use
I have a query for ITR for FY 2020-21. Till date i have always used ITR-1 form. Since last year, I have started doing equity trading. Also, i have sold some mutual funds. Following are gains made:
Equity trading short term capital gain = 10000 Rupees
Long term capital gain by sale of mutual fund units = 40000 Rupees
Dividend earned from equity holdings = 2000 Rupees
Interest from tax free bonds = 20000 Rupees
Apart from that I have salary income and interest from Fixed deposits. Please advise if i shall continue to use ITR-1 or any other ITF form I should use
CA R SEETHARAMAN
(Expert)
17 September 2021
Use ITR 2 inview of capital gains earned.
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