Capital Gains -ITR form

ITR2 or ITR3 (for individual/HUF) ...

ITR 2 is applicable for you as per the following;

It is to be used by an individual or a Hindu Undivided Family whose total income for the Assessment Year 2018-19 includes:-

1. Income from Salary/Pension; or                                                                                            2. Income from House Property; or                                                                                            3. Income from Other Sources (including Winnings from Lottery and Income from Race              Horses).

"Total income from the above should be more than Rs 50 Lakhs"

4.Income from Capital Gains; or

5.Income of a person as a partner in the firm

6. Foreign Assets/Foreign income

7. Agricultural income more than Rs 5,000

Further, in a case where the income of another person like one’s spouse, child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.

This Return Form should NOT be used by an individual whose total income for the AY 2018-19 includes Income from Business or Profession .

AND IN OTHER CASES,WHERE YOU ARE AN INDIVIAUDAL, WHERE THE INCOME IS BELOW 50 LAKHS AND CAPITALS GAINS ARE NOT TAXABLE, YOU CAN USE ITR 1