Which form to File ITR1 or ITR2 with non taxable capital gain

@ Venkatesan V

It is clearly mentioned on I-T Efiling Portal, that for AY2025-26, for Capital Gains upto 1.25Lakh ITR-1 is to be used.

Thanks,

This is the first time we have capital gains/loss transactions and wanted to be sure that the capital gain/loss transactions can be summed up to a single entry in ITR1.

Only worried that IT Dept  should not later say that wrong ITR filed and ITR2 to be filed giving the full details etc.,

@ Venkatesan V.

Forgot to mention :-

The capital gains for using ITR-1 must be LTCG.

If gains are STCG then ITR-1 not being allowed and filing with ITR-2 is a very tough task now. Refer many other threads about ITR-2 filing problems.

I already replied to your pvt msg

For AY 2026-27, CBDT has updated ITR-1 to allow LTCG from listed shares or equity mutual funds if the total gain is up to Rs. 1.25 lakh. So if your capital gain is long-term, below that limit, and from listed equity, you can use ITR-1. You still need to disclose it under the exempt income section. If the gain is short-term, or crosses Rs. 1.25 lakh, you need ITR-2.