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About return of share traders

This query is : Open 
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(Querist)
10 December 2013 My Brother has trading shares in Equity and commodity. Now he has in loss & also file income return. So which form is used for that & which reports is made for that.Reply Urgent. Thanks
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
10 December 2013 Had the query been asked before the due date it could be understood as urgent for the purpose of carrying forward the losses to the next assessment year.
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Generally, urgency at this stage indicates that the assessee requires either piece of mind or piece of money.
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Any way, the above should not be construed as the delaying tactics in responding the query.
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Trading activity means business. He has to file his return in ITR 4.
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For the requirement of the financial statements and report, you must contact a CA.
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Kailas Mate

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Kailas Mate (Querist)
11 December 2013 thanks sir.
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