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Capital gains in a financial year
which form of return is to be filed,ie form 1 or 2,if total capital gains in a financial year comes below 1laks
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File ITR 2 ........
No tax required short term or long term
Taxpayers must file an Income Tax Return (ITR) for capital gains by submitting ITR Form 2 to the Income Tax Department. However, if your total income for a financial year includes earnings from business or profession, you are required to file ITR-3 as the income tax return for capital gains.
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