Hello friends I generally fill up ITR 1 for income tax submission of income from salary. This year I only earned STCG from sale of equity of amount 750. Can I fill up ITR 1 this year also and ignore the small amount earned from STCG. Or I have to fill up ITR2 mandatorily.
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Do i need to file itr 2 for stcg amount of 750
Replies (5)
u have to file itr2 since u have also CG income
Yes you have file ITR2, as you have short term capital gains.
STCG income during the year means ITR2 form must be used.
Had the gains been LTCG, you could have used ITR1.
sorry vinod Sir. ..i think she has to file itr2 even if there is Ltcg ..please correct me if m wrong
LTCG from equity shares and equity MFs where holding was 1year and above are Exempted. ITR1 has section to mention such exempt gains.
Going forward, such gains if less than 1 lakhs then ITR1 applicable. Else if above Rs 1 lakhs then ITR2 will be required.
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