for a home maker...who don't have any
permanent income..
but utilises her personal household savings into stock market and gets STCG/LTCG..
which ITR to be filed in such a case....?
8 Replies
Mohd. Nadeem Khan
(AAO)
(93 Points)
Replied 14 August 2021
But ITR 2 is for salaried employee and capital gains...
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 14 August 2021
ITR2 would be appropriate in case of capital gains.
Mohd. Nadeem Khan
(AAO)
(93 Points)
Replied 14 August 2021
Isn't it that ITR2 is for salaried employee having capital gains income...
however, homemaker don't have salary income but only capital gains
however, homemaker don't have salary income but only capital gains
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 14 August 2021
| Originally posted by : Mohd. Nadeem Khan | ||
 |
Isn't it that ITR2 is for salaried employee having capital gains income...however, homemaker don't have salary income but only capital gains |  |
ITR1 cannot be filed if there is any capital gain. ITR2 can be used even if there is no salary income but capital gains.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 17 August 2021
Yes agree with poornima ji
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
