Sale of MF with 0 LTGC. Which one should I file? ITR 1 vs ITR 2

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Deal Cadet
ssgrocker

Hello Dimers,

I sold some mutual funds from my portfolio. The fund was held for more than a year and the profit amount was less than 1lakh. So the LTGC is 0. I am a salaried individual. Since my LTGC is 0 should I file ITR1 or ITR2?

TIA.

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Pro Community Angel Pro Community Angel
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ITR 2.

ITR 1 doesnt have the option of entering capital gains, taxability is secondary. 

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Pro Community Angel Pro Community Angel
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ITR 2.

ITR 1 doesnt have the option of entering capital gains, taxability is secondary. 

Deal Cadet Deal Cadet
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Thx
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Finance Mentor Finance Mentor
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ITR2 with detailed under section of LTCG to be clear of future issues that might crop up...

Deal Cadet Deal Cadet
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Thx

Deal Lieutenant Deal Lieutenant
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ITR2 as you have capital gains which need to be updated in your returns... No tax as this is within limit

Deal Cadet Deal Cadet
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Thx

Deal Cadet Deal Cadet
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using any deductions to offset tax ?

Deal Cadet Deal Cadet
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No just sold limited units to stay within 1lakh LTGC.

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