banner_ad

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

ITR Filing 776 views 5 replies

My wife (home maker having only interest from FD and dividend from Mutual Funds) sold one Mutual fund in april 2024 making gain of 94000 and sold one share in december 2024 making a loss of 34. can she combine these entries into a total of 93966 in ITR1 or should she file only ITR2 with separate entries.

Replies (5)

@ 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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details