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Return filing mandatory or not


Vishesh Bhagat   12 June 2018

Vishesh Bhagat

 7 likes  84 points

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In case if a person being individual has income from captial gain or loss, whatever the amount of gain/Loss whether Long term or short term, is mandatory for him to file his ITR?
Even if captial gain is under basic exemption limit ?

Jatin (Accountant)     12 June 2018

Jatin
Accountant 
 248 likes  3428 points

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Not mandatory, you are not required to file ITR

avater

Vikas jain (manager)     13 June 2018

Vikas jain
manager 
 1 likes  34 points

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if GTI is greater than basic exemption before giving effect of sec 10(38) then return filing is compulsory


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