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Re:ltcg

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2018 Sir,
I have two queries regarding LTCG
1. In case I sell mutual funds after 31.3.18 and the amount exceeds rs.1 lakh should I file ITR 4 instead of ITR 1
as my only other income is from FD's.
2. In case I sell shares and mutual funds and the profit is less than 1 lakn should I be filing ITR 4 instead of ITR 1 in case it is ITR 1 how do i account for this ! lakh profit.
Please advice.

04 February 2018 1 you can file ITR 2.
2 you can file ITR 2 account it under exempt income.



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