filling ITR 4

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2011 Hi,
I am a salaried employee and have nominal profit(Rs. 180 only ) reported in FY(2010-2011) on intraday bookings .
Should I fill ITR4 form ?
Kindly advise what will be Total Sundry debtors and creditors that is required to be filled in Part-BS no accounts case of ITR4

Thanks

U S Sharma

U S Sharma (Expert)
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12 July 2011 disclose 180/- under income from other sources, and file ITR1

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2011 Please advise what i should do ?

1 . Salaried with income less than5 lakh (Form 16 given by my employer)
2. Intraday trading speculative gain :400
3. SCTG (delivery based shares) :1200

Since in my case the profits are small should i file ITR2 or I have to file ITR4 .
filling ITR4 is quite tedious as i have heard

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 July 2011 You file ITR 2.

You may do one "practical" adjustment. Show the day trading profit also as STCG for proper compliance of return form.

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2011 In case i had filed it under income from other sources will I have to file the ITR-2 again because i did so based on the reply for the previous post .

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 July 2011 If you want to show STCG also file ITR-2.

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2011 Sir, Thanks for your replies

Actually I have filed ITR-2 with the intraday profit shown as Income from other sources and the STCG gains shown in the proper category ..
Is that OK ?

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