Want to know which ITR for capital gains? In India, the Income Tax Return (ITR) form you need to file for reporting capital gains depends on the nature of your income and the type of capital assets sold. For most individuals and Hindu Undivided Families (HUFs) with capital gains, ITR-2 is the appropriate form if you have income from capital gains along with income from salary, house property, or other sources (excluding business income).
Which ITR to File if I Have Capital Gains?
Key points to consider:
ITR-2 must be filed when you have long-term or short-term capital gains from the sale of property, stocks, mutual funds, or other investments. However, if you have capital gains along with business or professional income, you must file ITR-3 instead.
For equity-related capital gains (like stocks or equity mutual funds), additional schedules like Schedule 112A (for LTCG on equities) and Schedule 111A (for STCG on equities) must be filled.If you have foreign assets or income, ITR-2 also captures those details.
If your only income is from capital gains (and no other sources like salary or house property), you may still need to file ITR-2 if the gains exceed the basic exemption limit (Rs. 2.5 lakh for individuals below 60 years).
I hope this helps you understand which ITR for capital gains.
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Read more:
Which ITR to File for Income from Other Sources?
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Which ITR to File for Capital Gains?
ruchi
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2025-05-27T18:37:48+00:00 2025-05-27T18:37:50+00:00Comment
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