F & O treated as income from other sources ??
This query is : Resolved
26 July 2010
I would like to know IF a person having Salary Income ( major part ) ... has only one or two F & O transactions with
net loss of around 500 /= .
Will he liable to file ITR 4 ..... treating F & O income / loss as Business income - filing of ITR with business ward ??
or he can consider this income / loss frm one or two transactions under income from other sources and
file ITR 1 or ITR 2 whichever applicable ???
Please advice
net loss of around 500 /= .
Will he liable to file ITR 4 ..... treating F & O income / loss as Business income - filing of ITR with business ward ??
or he can consider this income / loss frm one or two transactions under income from other sources and
file ITR 1 or ITR 2 whichever applicable ???
Please advice
26 July 2010
Business income.
If u do not want to claim the loss then dont show in return and file ur usual return.
If u want to claim loss then u will have to file ITR - 4 even if there was one transaction.
If u do not want to claim the loss then dont show in return and file ur usual return.
If u want to claim loss then u will have to file ITR - 4 even if there was one transaction.
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