This discussion addresses which Income Tax Return (ITR) form is appropriate for FY 2021-22. The individual in question has salary income, received examiner fees with TDS, and incurred losses in the share market, including intraday trading and futures & options. The advice leans towards filing ITR 3 to allow for the carry-forward of these capital losses.
One my friend is salary employees as lecture in college received Salary income FY 2021-22 Rs. 2,36,000/ also he received examiner fees Rs. 9433/- and deducted TDS Rs. 943/- under section 194JB. He also done transaction Share market short term loss Rs. 26249.70 speculation 2684 (loss) , he sell the share future & option also loss Rs. - 35,063.75/-.
Kindly guide me which return he apply to file the return ? ITR 2, ITR 3, ITR 4
25 July 2022
ITR 3 information selection against above query Whether assesee is declaring income only under section 44AE/44B/44BB/44AD/44ADA/44BBA/ need to selection is mandatory or not if yes under which section shall i file