Income tax return
This query is : Resolved
26 April 2015
i have received cash rupees 10 lacs my client and these amount deposited in my saving account and then i started MCX/share market transaction so how to deal these transaction in my books of account and how to file income tax return..suggest
CA AnKiT BoHrA (AB)
(Expert)
26 April 2015
Income tax return doesn't filed on cash and all details... If you had earned income by trading show in return as short term or long term gain
Nikhil Kaushik
(Expert)
26 April 2015
the transactions on MCX, F&O shall be covered as business transactions...delivery trades shall be covered as capital transactions and non-delivery trades as speculative business income. you should file ITR4/ITR4S depending upon other facts.
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