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14 Points Posted on 07 July 2020
I am 64. I have income from
1. pension
2. dividend
3. interest and
4. capital gains also.
No other income.
Which IT return form I will have to fill for Fy 19-20 (AY 20-21)?
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On 07 July 2020 at 16:54 Report
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Quick Summary
This discussion explores the correct Income Tax Return (ITR) form for an individual with income from a pension, dividends, interest, and capital gains for FY 19-20 (AY 20-21). While some suggest ITR 3 due to capital gains, others argue that ITR 2 is more appropriate as there is no business income. The consensus leans towards ITR 2 for these specific circumstances.

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4215 Points Posted on 07 July 2020
Itr 3
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On 07 July 2020 at 17:31
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721 Points Posted on 07 July 2020
I think ITR 2 is appropriate since he has no business income.
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On 07 July 2020 at 17:45
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66 Points Posted on 07 July 2020
Whenever you have Captial gains... always go for ITR3
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On 07 July 2020 at 18:07
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721 Points Posted on 07 July 2020
Sir, with due respect I disagree.
form 3 only for business income.

I assume the shares transactions will not be considered as business income.

I am myself filing returns for several clients in ITR2 on similar facts and have never faced any issues from the tax department
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On 07 July 2020 at 18:16
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Chartered Accountant
821 Points Posted on 07 July 2020
Use ITR 2 for the facts mentioned
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On 07 July 2020 at 18:39
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14 Points Posted on 07 July 2020
I had the same problem. ITR 2 OR 3? Thanks for responses.
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On 07 July 2020 at 19:49

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