Please solve my below query: 1. My friend salary earning from pvt job during the financial year 2019-20 is below Rs. 3,50,000 2. He also doing trading activity i.e Share buying and selling through his own demat account. during the financial year 2019-20 his profit & loss statement showing Rs. -428.12 loss for speculation, Rs. 7652.33 profit for Short term & Rs. 95.45 profit for long term.
Kindly suggest us which ITR return applicable for financial year 2019-20
17 September 2020
Sir , If ITR 3 applicable then all schedule fill is mandatory or not ? i. e in ITR 3 their is column Nature of Business, BS, Manufacturing, Trading , Profit & Loss , Quantitative etc. which is not related to us because we just salary income & doing share trading activity . Or we just fill up the column related to us i.e Salary Schedule S, Capital gain, etc.
17 September 2020
You just fill up the column related to you i.e Salary Schedule S, Capital gain, etc. Select no account case and business share trading for speculative income.
CAclubindia
