Income from Intra Day- Where and how to show in ITR
This query is : Resolved
05 July 2023
Hello Sir
Along with STCG 75000 and LTCG 250500 Intra day profit is only 3000.
Is it necessary to file ITR 3 ?
If yes .. where and how to show profit in ITR3 .
Last year it was shown under profession .. No books of accounts maintained. It is learnt that this year their is amendment and require to show under Trading account.
Which is correct ? And if ITR 2 filled and 3000 profit clubbed under Short term gain what is consequences. ?
Please guide where and how to shown in ITR-2 or ITR 3 as required... .
Along with STCG 75000 and LTCG 250500 Intra day profit is only 3000.
Is it necessary to file ITR 3 ?
If yes .. where and how to show profit in ITR3 .
Last year it was shown under profession .. No books of accounts maintained. It is learnt that this year their is amendment and require to show under Trading account.
Which is correct ? And if ITR 2 filled and 3000 profit clubbed under Short term gain what is consequences. ?
Please guide where and how to shown in ITR-2 or ITR 3 as required... .
05 July 2023
Correct advise would be to declare the intraday income under business in ITR 3.
But if the trade volume and transactions are less than file ITR 2 with the declaration of intraday income under IFOS.
But if the trade volume and transactions are less than file ITR 2 with the declaration of intraday income under IFOS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- FCRA 6 E- Intimation
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ITR 4 and Bank transactions
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
