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
Replies (4)
Quick Summary
This discussion clarifies the correct Income Tax Return (ITR) form to file when capital gains for a financial year are below £1 lakh. It confirms that ITR Form 2 should be used in such cases, and no tax is typically required. However, if your income also includes earnings from a business or profession, you will need to file ITR-3 instead.

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.

Post values

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details