Income Tax Calculations for Salaried / Pensioners (New Regime)
ITR Form Use Guide
ITR-1 / ITR-4: Cannot be used if you have carried-forward capital losses. However, if you only have simple LTCG under Section 112A (e.g., listed equities/equity mutual funds) and the total LTCG is up to ₹1.25 lakh, you can use the simpler ITR-1 or ITR-4 forms.
ITR-2 / ITR-3: Required if your LTCG exceeds ₹1.25 lakh or if you have other capital assets (like real estate, gold, or unlisted shares).