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Itr for stocks/shares

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(Querist)
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...???
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CA PARAS BAFNA

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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.
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