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ITR return 1 or 2
I am earning a salary income and have certain investments in equity segment. In the year FY 19-20, I have a file an ITR 1, towards my salary income, but shown any financial transactions related to my sale towards sale of the equity sales ( not speculative) and that income was neglible. As of now income tax has introduce IAS and one has to file accordingly so in that case which ITR return has to file and can I get a notice for not showing a income of ITR I have filed.
Replies (3)
If you have capital gains, you may use itr2
ITR-2 is suitable for you, Because you have salary income and capital gain. and for not showing income in ITR, notice will come. because all the information is with department now
Itr 1 is sufficient.
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