banner_ad

Itr forms

This query is : Resolved 

31 July 2017 Till 2005, I was filing returns with ITR 1 or its equivalent. In 2005, since I had to report LTCG arising from sale of site, I used ITR 2 or its then equivalent. Subsequently I have been using ITR 2 though I have no CG gains or loss as I assumed that I cannot go back to ITR 1.My query is - am I allowed to use ITR 1 if there is no CG and ITR 2 if there is any CG anytime in future? Can I keep changing between 1 & 2 depending on CG

31 July 2017 Yes you can change ITR depending upon CG.

31 July 2017 yes, you can very well use ITR1.
There is no any dependence per se of the form number one used last year.
(Just to add a bit of lighter moment.......last year's ITR4S has now become ITR4)


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details