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
CAclubindia
