Which itr form should be used for filing income tax return ?

Save Share

This query is : Resolved

krish (Querist)

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.

CA Parul Saxena

CA Parul Saxena (Expert)

24 October 2013 ITR 4 should be filled....well you can fill ITR-1 too by showing the amount as Income from other sources.

krish

krish (Querist)

26 June 2014 Thank your sir,

sorry for delay.....

if i am trading in future and option mean which ITR can i use..

please.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

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).

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