Which itr form should be used for filing income tax return ?
This query is : Resolved
24 October 2013
Dear Sir,
i am salaried employee. earn some extra amount from share market only cash market. shares intraday and shares delivery trading. Which ITR form should be used for filing Income Tax Return ?
suggest me. all confusing me, somebody suggest me to fill with IRT2 and some one IRT4.
i am not trading in Future and OPTION.
i am salaried employee. earn some extra amount from share market only cash market. shares intraday and shares delivery trading. Which ITR form should be used for filing Income Tax Return ?
suggest me. all confusing me, somebody suggest me to fill with IRT2 and some one IRT4.
i am not trading in Future and OPTION.
24 October 2013
ITR 4 should be filled....well you can fill ITR-1 too by showing the amount as Income from other sources.
26 June 2014
Thank your sir,
sorry for delay.....
if i am trading in future and option mean which ITR can i use..
please.
sorry for delay.....
if i am trading in future and option mean which ITR can i use..
please.
03 August 2025
You are a salaried employee with income from:
Cash market shares (both intraday and delivery trading).
Which ITR form to use?
If your share market income is from delivery-based trading (long-term or short-term capital gains):
You can report this under Capital Gains in ITR-2 (recommended, as ITR-1 doesn’t allow capital gains).
If your income includes intraday trading (which is treated as business income):
You should file ITR-3 or ITR-4 because intraday trading is treated as business income (not capital gains).
ITR-4 can be used if you want to declare presumptive business income (and meet criteria).
Summary:
Trading Type Income Head Suitable ITR Form
Delivery (Cash Market) Capital Gains ITR-2
Intraday Trading Business Income ITR-3 or ITR-4
If you start trading in Futures & Options (F&O):
It will be treated as business income, so you must file ITR-3 or ITR-4 (ITR-4 only if presumptive scheme applies).
Cash market shares (both intraday and delivery trading).
Which ITR form to use?
If your share market income is from delivery-based trading (long-term or short-term capital gains):
You can report this under Capital Gains in ITR-2 (recommended, as ITR-1 doesn’t allow capital gains).
If your income includes intraday trading (which is treated as business income):
You should file ITR-3 or ITR-4 because intraday trading is treated as business income (not capital gains).
ITR-4 can be used if you want to declare presumptive business income (and meet criteria).
Summary:
Trading Type Income Head Suitable ITR Form
Delivery (Cash Market) Capital Gains ITR-2
Intraday Trading Business Income ITR-3 or ITR-4
If you start trading in Futures & Options (F&O):
It will be treated as business income, so you must file ITR-3 or ITR-4 (ITR-4 only if presumptive scheme applies).
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