Taxation on buying and selling of equities (no intra day)

Taxation
1

I am a salaried person who buys and selles shares as well. I am not in FnOs, just equities (no intra day). Should I file ITR1 or ITR2?

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ITR2 if you have capital gain/losses made through non-intraday trades. There are some great videos on YouTube on how to fill up the capital gains section in ITR2. Make sure to check those out as well.

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3

Thank you

4

Make sure also to download your Tax P&L statement from console.zerodha.com. That will show you all your transactions clubbed under proper headings. For instance I was surprised to find that I did two intraday trades in FY 2019-20 from the report which I completely forgot about. Such things are easy to miss and hence the Tax P&L statement will come as a life saver.

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That is a good point. Thanks :grinning: