Short Term Profit Received from Sale of Equity Shares

This query is : Resolved 

Quick Summary
A self-employed individual filing ITR-4 received a short-term capital gain of Rs. 94,079 from selling equity shares. They are seeking clarification on whether this income should be reported under 'Income from Other Sources' or in another specific column within the ITR-4 form. An expert suggests that due to the Automatic Information Report (AIR) reflecting equity sales, filing an ITR-3 might be a more appropriate approach.

27 July 2023 I am a self - employed person. I have Business Income. I have filed ITR-4. I have received Short Term Profit/Short Term Gain of Rs. 94079/- from Sale of Equity Shares of Listed Companies in FY 2022-23. Can I show this Short Term profit in Head "Income from Other Sources" or Not? Give Your Expert Opinion. Or Please Tell me in which column above Short Term Profit will be shown in ITR-4?

Prem Moolwani

27 July 2023 The equity sale having short term capital gain gets reflected in AIR report, so better file ITR3.

12 September 2024 Good Luck.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details