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Which ITR form to be submitted

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Bhavesh

Accounts

177 Points Posted on 14 July 2024

Hello Freinds Till the AY 2023-24, I was using ITR form 1 i.e Salaried person, in the FY 23-24, I have an Short term and Long term capial gain from listed equity shares. In this case which ITR form should I select also wish to file the ITR in Old tax regime how can it be done.

previously also I have an income from Short Term and Long Term capital gain from listed equity shares, but still i have filed ITR but not received any notice from Income Tax.

Also please let me know where should I input figure for short term and long term capital gain?.

Replies (3)

Quick Summary

If you've had short-term and long-term capital gains from listed equity shares in FY 23-24, you'll need to use ITR Form 2. To file under the old tax regime, you must opt out of the new regime in the 'General' schedule. Capital gains from equity with STT paid should be declared in Schedule 112A for long-term gains and Schedule CG for short-term gains.