31 July 2017
Till 2005, I was filing returns with ITR 1 or its equivalent. In 2005, since I had to report LTCG arising from sale of site, I used ITR 2 or its then equivalent. Subsequently I have been using ITR 2 though I have no CG gains or loss as I assumed that I cannot go back to ITR 1.My query is - am I allowed to use ITR 1 if there is no CG and ITR 2 if there is any CG anytime in future? Can I keep changing between 1 & 2 depending on CG
31 July 2017
yes, you can very well use ITR1. There is no any dependence per se of the form number one used last year. (Just to add a bit of lighter moment.......last year's ITR4S has now become ITR4)
CAclubindia
