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
Menu
Can you please help
Replies (4)
Quick Summary
File your return of income on income tax portal asap.. immediately by declaring the income you have earned under income from other sources
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.
31.03.2021 is the last date to file ITR , File ITR on or before this date.
just curious !
If the thread opener has only dabbled in stocks (NO F&O)
(either intra day equity or say 1-2 week-1 month held delivery stock trades)- short term capital gain
He can file ITR4 showing only the profit or have to show purchase & sales turn over?
Recent Topics :
- Sale of plots in open land
- Income tax query
- Best CA Inter coaching in laxmi nagar
- HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
- Unregistered Association of Persons (AOP) Agreemen
- Intimation u/s 245 of income tax act
- Ewaybill query
- IDS Refund: GSTR-2B Invoice Not Validated in State
- Self assessment tax paid not reflected in ITR2 fil
- Tax on nps corpus
Related Topics :
CAclubindia
