IT return Form
This query is : Resolved
25 April 2011
Hello,
I fall under 10% category in undr salary income. I have income from bank deposits (Savings a/c) around 25000/- p.a and loss of 35,000/- in share trading (with turnover of less than 40 lakhs). Please let me know which ITR form I need to use. Last year I had only salary income. ITR-2 or ITR-4.
Thanks in advance
I fall under 10% category in undr salary income. I have income from bank deposits (Savings a/c) around 25000/- p.a and loss of 35,000/- in share trading (with turnover of less than 40 lakhs). Please let me know which ITR form I need to use. Last year I had only salary income. ITR-2 or ITR-4.
Thanks in advance
25 April 2011
For the assessment year 2011-12, ITR-2 may be used if loss from share trading is proposed to be shown under the head "capital gains". On the other hand if share trading is proposed to be shown under the head "income from business",in view of section 44AD, ITR- 4S need to be used.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Salary and pension received from Asian Development Bank
- ITR 2 Short Term gain & Long term gain
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
