ITR selection for salaries and capital gain less than L


This query is : Resolved 

Quick Summary
A taxpayer with salary income and only LTCG from equity mutual funds under Section 112A, up to Rs. 1.25 lakh, can file ITR-1 for FY 2025-26 if all other ITR-1 conditions are met. Otherwise, ITR-2 is required.

01 July 2026 Hello sir ,
Want to check if any one have salary income less than 10 L per annum and having capital gain less than 1 L . Not having any major income like house property. She also received gift for mutual fund from her spouce but that mutual fund yet not sold so Clubbing not applicable to her spouce.

Can he/she should filled ITR1 rather than ITR2 ?

02 July 2026 The individual must file ITR-2 instead of ITR-1, as ITR-1 does not permit the reporting of income from capital gains.

02 July 2026 Thank you sir for your reply. For this year(FY 2025 26) I am able to see option to declare long term Capital gain up to 125000 in ITR 1. Can you also . Can you please help. She have long term capital gain

02 July 2026 If the CG is from equity based MF and STT paid over it (i.e u/s 112A IT act, 1961) then file ITR 1.


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