VM
Vatsal M.
Income Tax·
My company is filing my TDS, Then do i need to file ITR ?
I received my Form 16 from my employer, and my total tax liability on my salary has been fully covered by TDS (there is zero tax due according to my payslip). However, I also have some minor income outside of my job this year, including around ₹15,000 in savings bank interest and ₹40,000 from a matured fixed deposit. Additionally, I sold some equity mutual funds in October and made a short-term capital gain of ₹60,000. Since my primary salary income has already been taxed at source by my company, am I legally required to file an ITR, or does the employer's TDS completion clear me from filing? If I do need to file, which ITR form should I use considering the capital gains?