One of my client is a works contractor. his return filed u/s 44ad. the problem is this from last year he start little bit trading in share market, (some like intraday transection 8-10 dudring the year and some delivery base transection.) during the year his t/o for the year is about 12 lakh, and total result of trading is 22-25k loss during the year. Now in this case what ITR should choose to file retrun of him. his works contract t/o is below 25 lakh. I need advise for how to treet this stock market transection if i go for return u/s 44ad or some other ITR i should go for. (here my client has no details because he not maintain record as needed for itr-3 (under business and proffession) if i can file itr-4 (sugam) then help me how?
reply as soon as possible. on nakrani.m @ gmail.com
Thank you.
CAclubindia
