Itr forms

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Chandru (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 July 2017 Yes you can change ITR depending upon CG.

Amol S Joglekar

Amol S Joglekar (Expert)
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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)

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