Long term capital gain for a.y. 2019-20 below 1 lakh
This query is : Resolved
07 August 2019
I have a long term capital gain of Rs. 8900 for A.Y. 2019-20. For A.Y. 2018-19, I had shown in ITR 1 for only disclosing and later it has been processed by CPC. But this time which ITR form should I file for A.Y. 2019-20?
08 August 2019
ITR-2 should be filed in your case and the capital gains should be shown in the Schedule CG over there. It would be taken into the calculation of your total income for the year, howsoever, since it is less than Rs 1 Lakh, no tax would be levied on it.
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