salary & trading in equity shares
K. N M Gupta (articleship) (94 Points)
17 July 2017or file itr3.
which one is best?
K. N M Gupta (articleship) (94 Points)
17 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 17 July 2017
ITR 4: Return Form SUGAM cannot be used in following cases:::
(a) Income from more than one house property; or
(b) Income from Winnings from lottery or income from Race horses; or
(c) Income under the head “Capital Gains”, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.;
(d) Income taxable under section 115BBDA; or ....................
Because of STCG in shares....... you cannot file ITR 4..........
So, you can file ITR 3 even for presumptive assessment
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