ITR 1 ot 2

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murali k (Querist)
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26 July 2023 when i filling form ITR2 - to include the LTCG of mutual funds (equity oriented) profits less than 1 lakh

it is calculating under taxable amount but actually upto 1 lakh is exemption under section 112A. is there any option to fill exemption in this form?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 July 2023 Yes, it is modification in calculation of total income.
But while calculating the tax liability it is not considered, if it is less than 1 lakh.
So, check your tax liability.