Which ITR...?

for a home maker...who don't have any
permanent income..

but utilises her personal household savings into stock market and gets STCG/LTCG..

which ITR to be filed in such a case....?
Replies (8)
Quick Summary
This discussion clarifies which Income Tax Return (ITR) form a homemaker should use when earning short-term and long-term capital gains (STCG/LTCG) from stock market investments, without any salary income. While ITR 1 is generally for simpler cases, it cannot be used if capital gains are involved. The consensus is that ITR 2 is the appropriate form, even if there is no salary income, as it accommodates capital gains.

ITR 2
But ITR 2 is for salaried employee and capital gains...
File ITR 1
ITR2 would be appropriate in case of capital gains.
Isn't it that ITR2 is for salaried employee having capital gains income...

however, homemaker don't have salary income but only capital gains
Put salary as zero!
Originally posted by : Mohd. Nadeem Khan
Isn't it that ITR2 is for salaried employee having capital gains income...however, homemaker don't have salary income but only capital gains

ITR1 cannot be filed if there is any capital gain. ITR2 can be used even if there is no salary income but capital gains.

Yes agree with poornima ji

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