Income salary and profit from share
This query is : Resolved
26 July 2022
Dear sir,
One of my relative have income from salary and profit form share .
During 21-22 salary 5 lakhs and income from from share trading is 1 Lakhs.
He also make payment for LIC also
my doubt is
1.which ITR Form is used .
2 Tax rate for share.
Please advise
One of my relative have income from salary and profit form share .
During 21-22 salary 5 lakhs and income from from share trading is 1 Lakhs.
He also make payment for LIC also
my doubt is
1.which ITR Form is used .
2 Tax rate for share.
Please advise
27 July 2022
If the share transactions are delivery based, file ITR 2.
In case they are intraday or F&O trades, its advisable to file ITR 3.
The rates are as per slab rate for business income; otherwise as per short term capital gains at 15% or LTCG at 10%.
In case they are intraday or F&O trades, its advisable to file ITR 3.
The rates are as per slab rate for business income; otherwise as per short term capital gains at 15% or LTCG at 10%.
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