Capital gains in a financial year
anil kumar (2 Points)
19 June 2024
which form of return is to be filed,ie form 1 or 2,if total capital gains in a financial year comes below 1laks
anil kumar (2 Points)
19 June 2024
CA Anoop Kumar Sharma
(Accounts Manager)
(1826 Points)
Replied 19 June 2024
Taxpayers must file an Income Tax Return (ITR) for capital gains by submitting ITR Form 2 to the Income Tax Department. However, if your total income for a financial year includes earnings from business or profession, you are required to file ITR-3 as the income tax return for capital gains.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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