Sir, I am an engineering student and doing the trading in stock market by taking an amount of Rs.3.50 lakhs from my father through account transfer. I started trading on dt.18-10-2019 onwards. Till now, I earned approx.Rs.1.00 lakh.
My question is do I need to file Income tax return. Please guide me as I don't have clarity on it.
warm regards
Hamdani
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Do I need to file IT
Replies (3)
Have you any other income source?
If yes then add it and refer income tax slabs for AY 20-21
If yes then add it and refer income tax slabs for AY 20-21
No other source. only stock trading income sir
Not required
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