Income from Capital Gains

My cousin is having only income from capital gains . Which ITR does she needs to file. ITR 1 or ITR 2 etc..

Also what would be the exemption which she would get

Your prompt response will be highly appreciated.

Replies (1)

ITR-2 is to be filed..

if ihe gain is from shares nd long term it will be exempt..

Otherwise to claim any exemption assessee has to invest according to sec 54.

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