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.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details