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Itr -4

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(Querist)
08 July 2014 Hi,

I am Salaried professional .

I have Salary Income and Capital Gain Income . I have incurred loss in Speculative Share transcation of Rs. 75000.and my speculative turnover has crossed Rs. 1 Crore mark.

Which ITR should I file and is audit is compulsory for me ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 July 2014 ITR4 Applicable. Tax Audit required if profit and loss add together on such transactions is Rs 1 crore or more. Turnover in this case does not mean the sales value.
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Rupesh Jain

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Rupesh Jain (Expert)
08 July 2014 you can file ITR-4 and for audit consider your profit and loss amount.
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