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ITR-3 or ITR 2 For Capital Gain

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This query is : Resolved

Surinder (Querist)

14 March 2024 Dear Sir,
Due to an unintentional transaction I got Rs. 44/- loss in a day which is my only single intraday transaction of the year ( purchase Rs.544/- Sale Rs.500) Rest Transcation related to delivery basic and some mutual funds.

Intraday/Speculative Loss Rs.44
Short Term Capital gain Rs.2285/- from stocks and Mutual funds
Long Term Capital gain Rs.0

My Earning from Salary is approx. 4 lacs. interst from FD Rs. 53800/- Do I need to use ITR-3 or Can I use ITR-2?

I would prefer ITR-2 if possible as I don't have much knowledge on ITR-3.

Can I face any query notice from IT department In future if I shall file ITR 2

Kindly advise accordingly.

Nikhil Kaushik

Nikhil Kaushik (Expert)

14 March 2024 I think we discussed this in the forum the other day. On technical basis, the answer should be that you file ITR-3. However, dont expect a notice to come just if you show it under capital gains in ITR-2.

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