Suitable itr form for ay 15-16

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2015 Suitable ITR Form for AY 15-16 having income from :-
1)Not Specified business(Private Tution & swing,knitting).
2) Income from bank fixed deposite & NSC.
3) Short term capital gain from shares

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

18 July 2015 File ITR 2 show tuition and knitting income as other income.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

18 July 2015 You need to file ITR4 as Tution Inocme and Knitting Income is taxable under the head Profit and Gains of Business and Profession.

Also see article from below link on criteria for selection of ITR:

https://www.caclubindia.com/articles/filing-itr-of-ay-2015-16-24379.asp

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2015 Thank you very much.
Kindly reply me regarding income from capital gain by selling housing plot in the year 2015 which was bought in the year 2008(nearly double of buying price).
mail id:chandanmukherjee07@gmail.com.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

02 August 2015 It will be a long term capital gain indexed cost can be deducted and for the balance amount being long term capital gain either 20% tax payable or claim exemption by investing in house property or in 54EC bonds.

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