Easy Office

Which income tax form to use

This query is : Resolved 

11 July 2019 Dear Forum Members,

Can u advise what should i do.I am a normal taxpayer with salary income & TDS deducted at source. I have also done some share buy back, & F & O transctions in which total turnover is Rs 2.4 lacs with net loss of Rs 1131.

Filling the form 3 requires the help of a CA. May i fill fom 1. I have also raised this quey from Income Tax helpline but they failed to answer. My contention is that when turnover is low, no pofit is there, form 1 should be filled or not.

11 July 2019 ITR-1 will not suffice.

11 July 2019 YOU CAN FILE ITR 1 IF YOU HAVE NOMINAL LOSS AND YOU COULD NOT CARRY FORWARD THE LOSS THEN YOU HAVE FILE ITR 1




11 July 2019 DEAR SIR,
YOUR ANSWER IS CORRECT,
BUT MY OPINION IS IF I HAVE NOMINAL LOSS SO I CAN IGNORE THIS ?



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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries