Ankit (None) (75 Points)
07 March 2018Hello, I would like some help regarding filing my return for A.Y 2017-18.
1. I was unemployed during that financial year.
2. I had no income except i sold shares worth Rs. 58698 and Rs 48048. I bought these shares more than a year ago from the date of selling. About 1 year and 4 months ago
3. I got dividend of Rs. 3148
4. My parents paid for my life insurance and PPF, about Rs. 150000
My question is which ITR form do I have to fill. And where do I have to fill these details? Thank You
Vunu
(Developer)
(135 Points)
Replied 20 March 2018
Urvi Gandhi-ji, Why to choose ITR2 and why not ITR1?
CA Urvi Gandhi
(.)
(347 Points)
Replied 20 March 2018
Since there is capital gain during the financial year, it is advisable to file ITR 2.
Vunu
(Developer)
(135 Points)
Replied 20 March 2018
Urvi-ji, Thank you for your reply. However, if the income is less than the limit, then do we need to show the profit from capital gains in ITR2? I am not aware of ITR2 that's why asking the question. Also, if I gain profit (on 2017/01/15) from selling Equity Mutual Fund, then is it ok to file ITR1? This profit is the only one income. Please revert.
CAclubindia
