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Which Form I have to fill - ITR1 or ITR2

ITR 288 views 2 replies

Hello,

I am salaried person and having a yearly income of 30lacs. I had long term capital gains of 2 lacs from equity stocks along with short term capital gains from debt funds. I also got dividend from stock.

I am confused b/w ITR1 and ITR2 as both mention the capital gains as eligibility. 



Could you please suggest which ITR I have to submit.

Replies (2)

@ Manish

You have answered your own question in the screenshots you have posted.

Obviously, you have to file using ITR-2, since your LTCG exceeds 1.25 Lakh + you have STCG as well.

The main trigger for switching from ITR-1 to ITR-2 is capital gains. If you sold shares, mutual funds, property, or any capital asset during FY 2025-26, you need ITR-2. Also use ITR-2 if you have more than one house property, income from foreign sources, a directorship, or total income above Rs. 50 lakh. ITR-1 (Sahaj) is for residents with salary, one house property, and other sources like FD interest, all under Rs. 50 lakh.
CBDT notified updated forms for AY 2026-27 with a few changes: https://taxgarden.in/blog/new-itr-forms-ay-2026-27-cbdt-notification-key-changes


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