CHANGE FROM TRADER TO INVESTOR.

SIR, OVER THE PAST THREE YEARS FROM FY 2017-18 ONWARDS I HAVE BEEN TRADING SHARES WITH A TERMINAL AT HOME AND HAVE BEEN FILING IT RETRNS AS A TRADER- BUSINESS INCOME IN ITR -3.

I INTEND TO STOP TRADING WEF FROM 31-3-2020 AND START INVESTING IN SHARES FROM FY 2020-2021. CAN I COMMENCE FILING ITR IN ITR-2 FROM FY 2020-2021 AFTER I STOP TRADING. IS A PRIOR INTIMATION TO THE INCOME TAX DEPARTMENT REQUIRED. PLEASE ADVISE.

V RAMACHANDRAN

COIMBATORE 

Replies (1)

No need for any information; but justification about the change in pattern may be asked; for that a new set up would be more helpful.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
Featured 06 August 2026
Junior Accounting Associate

Prish Consultancy LLP

New Delhi

B.Com

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
FOLLOW
US ON