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Can you please help

25 March 2021

Sir i received this message. I am a student and did shares trading. first time i did trading while studying my graduation. I dont have any knowledge of income tax. I earned profit. I dont know more about this. What to do. Can you guide me please.

Attention XXXXX6035X, Your PAN has been flagged for not filing of ITR for A.Y-2020-21. Please file your ITR or submit online response under e-Campaign tab on Compliance Portal (CP). Access CP by logging into e-filing portal (My Account) - ITD

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 25 March 2021

File your return of income on income tax portal asap.. immediately by declaring the income you have earned under income from other sources

anil jain (Partner) (1067 Points)
Replied 26 March 2021

File itr immediately as 31.03.2021 is last date for AY2020-21.

Income of share trading is either under the head business income if done through F&O/derivatives or regular sale and purchase or under the head capital gain if invested as investment.