Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

Which ITR should be filed ?

This query is : Resolved

K.G.Shah

K.G.Shah (Querist)
Follow

24 September 2020 I am sharing income details for. Fy.2019-20.

Sale of (long term )shares ... 552500
Less : cost of acqusition 389300
Gain 163200
Less : exmpted. 100000
Taxable gain. 63200
I have other interest income 50000
No other income . Taxable income is also less then exempted salb of 250000

Gain is less then taxable limit . My query is
Whether i have to file income tax return as income is less then taxable limit ?
If yes , which ITR i have to file .. ITR -1 or ITR 2
Please advise

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

24 September 2020 File ITR 2 as income before exemption exceed 2.50 lacs.

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajat Khandelwal

efiletax

asmita gupta

Shraddha Pangam

Choudhary

Subscribe Now

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 02 May 2026

Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 14 March 2026

Associate CA

N N V Satish&co

Hyderabad

View Details