Traading in share arket
This query is : Resolved
14 May 2017
IN FY 2016-17, I HAVE DONE TRADING OF 42 CR( 21 CR PURCHASE AND 20.98 CR SALE) APPROX
HENCE LOSS OF APPROX 2 LACS
WHICH ITR FORM SHOULD BE USED AND UNDER WHICH HEAD IT SHOULD BE SHOWN.
I AM NOT REGULAR TRADER , DONE TRADING IN WEEK, SOMETIMES DAILY OR EVEN IN 2 MONTHS
HENCE LOSS OF APPROX 2 LACS
WHICH ITR FORM SHOULD BE USED AND UNDER WHICH HEAD IT SHOULD BE SHOWN.
I AM NOT REGULAR TRADER , DONE TRADING IN WEEK, SOMETIMES DAILY OR EVEN IN 2 MONTHS
14 May 2017
You have to file ITR 3 treating it as business loss. As your turnover exceeds one crore tax audit applicable to you.
15 May 2017
You can show provided it is not a case of purchase and sale on the same day.
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