which itr form to use
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2010
i m having income from salary, STCL, LTCG, Share Trading loss & bank interest income. please let me know which ITR form to use for filing the return.
thanks,
thanks,
12 July 2010
ITR 2
12 July 2010
Agreed ITR - 2. The eligibility and instructions for ITR - 2 are as follows >
Who can use this Return Form
This Return Form is to be used by an individual or an Hindu Undivided Family whose total income for the assessment year
2010-11 includes:-
(a) Income from Salary / Pension; or
(b) Income from House Property; or
(c) Income from Capital Gains; or
(c) Income from Other Sources (including Winning from Lottery and Income from Race Horses)..
Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income
of the assessee, this Return Form can be used where such income falls in any of the above categories.
3. Who cannot use this Return Form
This Return Form should not be used by an individual whose total income for the assessment year 2010-11 includes
Income from Business or Profession.
https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/PDF/Ay2010-11/Instructions-2.pdf
Who can use this Return Form
This Return Form is to be used by an individual or an Hindu Undivided Family whose total income for the assessment year
2010-11 includes:-
(a) Income from Salary / Pension; or
(b) Income from House Property; or
(c) Income from Capital Gains; or
(c) Income from Other Sources (including Winning from Lottery and Income from Race Horses)..
Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income
of the assessee, this Return Form can be used where such income falls in any of the above categories.
3. Who cannot use this Return Form
This Return Form should not be used by an individual whose total income for the assessment year 2010-11 includes
Income from Business or Profession.
https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/PDF/Ay2010-11/Instructions-2.pdf
12 July 2010
If u wish to claim share trading loss then u will have to file ITR - 4 as it will be business income and hence ITr - 4 will have to be filed.
12 July 2010
AGREE WITH ADITYA JI.
12 July 2010
Agree with Aditya Ji and Sanjay Ji, In case Business income or loss is to be claimed then ITR -4, else ITR-2.
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