in FY 2020-21 I had received money by selling real estate. I opened capital gain account and ustilsed full amount as per provision. Now my CG account is having only Rs 10. I need to close the account after getting AO approval. Should i use ITR-1 or ITR-2 for filing my returns this year
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Capital Gain without any CG
Replies (6)
Quick Summary
Choice of ITR will depend upon your source of income whether it's only salary and other sources upto Rs. 50 Lakhs.
If you have capital gains to report then use ITR 2
Thank you Puja. AY2021-22, I had the LTCG, I used ITR2. This year no any capital gain in my income. So I can go back to ITR1 or I should use ITR2 and show that the proceedings has been utilised for construction of house. Thanks once again
Thank you Puja. AY2021-22, I had the LTCG, I used ITR2. This year no any capital gain in my income. So I can go back to ITR1 or I should use ITR2 and show that the proceedings has been utilised for construction of house. Thanks once again
Use ITR-1 for current year
Thanks. I will use ITR1
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