Exempted long term capital gain - which itr applicable
This query is : Resolved
17 June 2016
Hi!
My friend is a salaried person and having income only from Salary (say Rs. 7.5 lacs) and Saving Bank Account (Rs. 13000/-). In FY 15-16, he has capital gain of Rs. 2 lacs from sale of mutual fund which is exempted. Please advise return will be filed in which form. It is ITR-1 or ITR-2 or other?.
Thanking in anticipation,
Ramesh
My friend is a salaried person and having income only from Salary (say Rs. 7.5 lacs) and Saving Bank Account (Rs. 13000/-). In FY 15-16, he has capital gain of Rs. 2 lacs from sale of mutual fund which is exempted. Please advise return will be filed in which form. It is ITR-1 or ITR-2 or other?.
Thanking in anticipation,
Ramesh
17 June 2016
you have to file ITR-2 capital gain head not in ITR-1.
17 June 2016
Thanks Rupesh Sir. Can you help me to give exact field no. or sheet name where to put the exempted long term capital gain.
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