Ltcg taxation
This query is : Resolved
09 July 2018
Dear Sir,
A housewife having no other income sold house and earned long term capital gain for Rs.8720/- on which Income tax @20% is Rs.1744/-.
Question is- whether a lady should submit ITR with tax payment?
as due to only LTCG whether she is required to file IT return or not.
A housewife having no other income sold house and earned long term capital gain for Rs.8720/- on which Income tax @20% is Rs.1744/-.
Question is- whether a lady should submit ITR with tax payment?
as due to only LTCG whether she is required to file IT return or not.
09 July 2018
Yes, ITR 2 is to be filed...
03 October 2021
As the income is above basic exemption limit, she must file return. In her case being income u/h. capital gain, ITR 2 would be most suitable.
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