Small LTCG on ITR

No need to file ITR 2. Show this under exempt income schedule of ITR 1.

1514 is taxable income, but no tax is payable by virtue of section 112A since capital gain is less than 1 lakh.

Form ITR-2 is the appropriate form prescribed.

Thank you to both of you, but I am getting contradicting solutions. Mr. Seetharaman suggesting ITR-1 can be used whereas Mr. Warrier advising to fill ITR-2. Sorry, but now I am confused.

File ITR 2 as advised by Mr Warrier as the income related to capital gains 

Thank You for the confirmation.

I filled ltcg of 889 in ltcg section, but it is not considering it as exempt income..

How is the exempt income considered? In which schedule should we mention the exempt amount? In schdule EI under other exemptions tab?

No need to show it under exempt income.

Show it under long term capital gains it will be exempt under taxable income schedule

Few years ago, on the old EFling website when LTCG was totally exempt from tax, the ITR1 utility did allow reporting of tax free LTCG amount and also Tax free Dividend amount. There was a section to report these items on ITR1.

Since now, the LTCG is taxable and Dividend also taxable, ITR1 on new tax portal may not carry these sections. 

Hence, only ITR2 will be applicable.