Which ITR form is relevant for e
This query is : Resolved
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29 June 2021
Dear experts,
Kindly let me know that which ITR is relevant for me to file my return ITR-1 or ITR-2?
I have income from capital gain from listed shares ? And gross total income is less than exemption limit.
Thanks in advance
Kindly let me know that which ITR is relevant for me to file my return ITR-1 or ITR-2?
I have income from capital gain from listed shares ? And gross total income is less than exemption limit.
Thanks in advance
30 June 2021
As your gross total income doesn't exceed basic exemption limit, there is no obligation to file the income tax return. In spite of that if you want file, the appropriate return is ITR-2.
Ganeshbabu K
(Expert)
30 June 2021
Fill particulars related to your capital gain on equity shares in Shedule CG- Schedule 112A of Income tax return form ITR2
CMA Poornima Madhava
(Expert)
30 June 2021
ITR1 cannot used when there is capital gain. ITR2 is the right form.
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