Stcg / ltcg

Dear Mr. Nitin,

No need to file ITR for the said period because your income nor exceeding the basic assumption limit.

In case there is any TDS deducted against your account (check on Traces site/ 26AS) you can file ITR and claim refund. (TDS may be deducted on interest/ dividend earned). Else, you need not file ITR as your income is below threshold. You will not however be liable for any tax for mentioned income.

However in some circumstances you will have to mandatorily file ITR like-

Ii)  if deposited an amount or aggregate of the amounts exceeding one crore rupees in one or more current accounts maintained with a banking company or a co-operative bank; or

(ii) if incurred expenditure of an amount or aggregate of the amounts exceeding two lakh rupees for himself or any other person for travel to a foreign country; or

(iii) if incurred expenditure of an amount or aggregate of the amounts exceeding one lakh rupees towards consumption of electricity;

(iv) holds any asset  located outside India or has signing authority in any account located outside India; or

(v) is a beneficiary of any asset located outside India,