Itr for stocks/shares
This query is : Resolved
09 May 2015
dear friends hi
i regularly trade in stocks intraday and delivery
my query is about which itr should i use
is itr 2 ,and is intra day trade is to be shown as speculative income under other sources and delivery based under stcg/stcl...???
CA PARAS BAFNA
(Expert)
09 May 2015
You have to use ITR4.
.
Intra Day Income is Speculative Business Income.
Profit and gains from speculative business (B40 of Schedule-BP).
.
Delivery Based Transactions are to be reported as STCG/STCL or as Trading Income depending upon the value, frequency of trade, volume, delivery retention period etc.
.
.
Intra Day Income is Speculative Business Income.
Profit and gains from speculative business (B40 of Schedule-BP).
.
Delivery Based Transactions are to be reported as STCG/STCL or as Trading Income depending upon the value, frequency of trade, volume, delivery retention period etc.
.
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