Income tax return for salary+stock market
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2015
Hello Experts,
My friend is a salaried employee and he has also done intra day trading in F&O, Equity, MCX , also short term investing and log term investing. & Over all he has occurd in loss. the questions are below ?
1.> Which ITR form he need to fill
2.> if any procedure for how to fill may be hinted.
My friend is a salaried employee and he has also done intra day trading in F&O, Equity, MCX , also short term investing and log term investing. & Over all he has occurd in loss. the questions are below ?
1.> Which ITR form he need to fill
2.> if any procedure for how to fill may be hinted.
CA Tejas Mistry
(Expert)
25 March 2015
as far as the circumstances are clear in the question i will say trading business is considered as Speculation business and ITR 4 should e filed for such Income or Loss
So if Salary Income and speculation Income is there then assessee need to file ITR 4
So if Salary Income and speculation Income is there then assessee need to file ITR 4
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