Hello ,
I have two questions about income tax filing, any direction would be helpful -
- If someone has more than Rs. 1 lakh long-term capital gains from the Sale of Equity mutual fund, does that person need to use ITR2 for tax filing?
- If someone uses ITR 2 for filing in the current assessment year, can he/she switch back to ITR 1 again in the next Assessment year provided there are no further long-term capital gains for next year?
Thanks in advance.