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... .
Dhirajlal Rambhia
(Expert)
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.
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