File itr
This query is : Resolved
10 August 2013
Dear sir,
I like to know that whether the person has to file Income tax return for trading in Share and Stocks or not?
If file the return , what type of ITR should file? pl clarify it at earliest.
Pl clarify that what do you mean without delivery?
Regards,
TS Ganapathy.
I like to know that whether the person has to file Income tax return for trading in Share and Stocks or not?
If file the return , what type of ITR should file? pl clarify it at earliest.
Pl clarify that what do you mean without delivery?
Regards,
TS Ganapathy.
12 August 2013
1. Yes you should file the return.
2. Trading in shares (settlement WITHOUT taking delivery) is a speculative business.
Such income is taxable under the head Income from Profits or Gains of Business or Profession.
2. Trading in shares (settlement WITHOUT taking delivery) is a speculative business.
Such income is taxable under the head Income from Profits or Gains of Business or Profession.
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