I have income from salary and capital gains. also received amazon affiliate income which is only 1500 rs. which ITR i need to file? Is it ITR-2 because my main source of income is from salary,CG and affiliate income can be clubbed into income from other sources or i need to file ITR 3 ? if i file ITR3 then can i opt for presumptive taxation benefit? and am i allowed for exemption us 54ec and 54f for capital gains too?
please reply thanks
ITR4 does not include capital gains and income from salary.
You can use ITR 2 and report the affiliate income of Rs. 1500 under other sources because it is a very small amount.
Is it allowed in the eyes of itr law?
| Originally posted by : CA Puja Sharma | ||
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You can use ITR 2 and report the affiliate income of Rs. 1500 under other sources because it is a very small amount. |  |
Is it allowed in eyes of itr act?
all conditions satisfied. May i know what is PGBP
| Originally posted by : shreya vora | ||
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ITR 2 (IF no PGBP) ITR 3 (IF PGBP) in case of CG u can claim 54EC only if u have trfd any LTCA being immovable property and purchased/invested in Notified bonds within 6 months from trf. u can claim ded u/s 54F only if u have trfd LTCA (not Res. House) and purchased Residential House within prescribed time limit. hence exemption under CG depends on the type of transaction. | |
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