ITR Form

Hi,

 

Can i File ITR 1 in case Equity holding but no transaction is whole year of buying and selling and last year filed ITR 2 for same assesses , Please clear

 

Replies (4)
Quick Summary
This discussion clarifies whether you can file ITR 1 even if you hold equity shares, despite not buying or selling them during the financial year. The consensus is that if you meet the other criteria for ITR 1 and have no capital gains, you can indeed use ITR 1, even if you previously filed ITR 2 for the same individual.

Yes you can do it
I think you need to show profit or loss on equity by doing your investment M2M and file ITR 2

Thank for Reply,

I can show but this year i have not done any Buying and Selling and also will not do by 31.3.2020.

If other criteria of ITR-1 fulfill and there is no capital gain you can go for ITR -1.

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