Which itr for salary + speculation income

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Vaibhav Joshi

others

41 Points Posted on 18 August 2015

Hello experts,

I'm a salaried employee and have income from salary and some savings account interest.
In addition, I've done some investment in shares and my statement shows 2 sections:

(a) Short term capital gain & (b) Speculation Income.
STT is paid for both of these.

Question: Which ITR should I file (ITR-2 or ITR-4)? If ITR-2, then does Speculation income go under income from other sources and taxed as per my tax slab or since STT is paid, does it qualify under STCG?

I've no study done yet on ITR-4 as to which sections I'll have to file these incomes, if ITR-4 is the appropriate form?

Thanks and regards,
Mr. Joshi

Replies (2)

Rajagopalakrishnan R

PARTNER

1145 Points Posted on 18 August 2015

Yes ITR 4 is the appropriate form. Look for the section on SCH PGBP and under it for speculation business.

Vaibhav Joshi

others

41 Points Posted on 20 August 2015

Originally posted by : Rajagopalakrishnan R
	Yes ITR 4 is the appropriate form. Look for the section on SCH PGBP and under it for speculation business.

Thanks for the answer. So does that mean that ITR-4 is applicable even for a small amount (say Rs. 300) as intraday income (STT paid) for a salaried person (no any other business income)?