I am a retd employee.In last FY I gained a small amount less than fifty thousand rupees by trading in options.Recently I knew that I have to file itr 3 for this amount.but I verified itr 3 online to file it.but I could not understand this form.so much information required which is irrelevant tome. So,can anyone advise me whether I can show amout in other income in ITR 1 as amount is low and even after adding to my pension amt it is less than taxable amount.
Thanks in advance
The ITR-2 is filed by the individuals or HUFs not having income from profit or gains of business or profession and to whom ITR-1 is not applicable. It includes income from capital gains, foreign income or any agricultural income more than Rs 5,000.
An agent traded shares and options on my behalf and sent the statement showing profit of rs 26,000.investment capital is rs 3,00,000
Thanks to all replied. .For filing ITR 3,is it necessary to have details of individual transactions and dates of purchase, dates of sale.
If I have known earlier all these,I would not have gone to shares and options.I thought that it is enough to show lumpsum amount under capital gains in ITR1.Regularly myself is filing ITR1every year online.It is not easy to file ITR3as much asbuying,selling options on mobile.
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