Very little gain earned from short term and long term stocks/mutual fund selling

Hi Team, 

I am trying to fill ITR on my own and this is the first time I am filling out.

I am salaried individual and thus opted for ITR 1 form and I have a small exposure on stocks and passive mutual funds. While filing my ITR for FY 23 - 24, in the AIS statement I see a section named "Sale of securities and units of mutual fund", under that I have sold stocks after 1 yr for small profit and similarly sold mutual fund units within one year for a small profit. These profits are little amount less than Rs 1000. Under such a scenario should I need to opt for ITR 2 and show the capital gains or can I stick to only ITR1 and ignore this small profit?

Replies (1)
You need to file ITR 2 only.

CA Aakarsh Jain
ca.ajaakarshjain16 @ gmail.com

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details