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.
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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