Doubt: ITR - served multiple companies + traded shares

Efiling 1427 views 2 replies

ria sharma

Student

25 Points Joined July 2010

Hi All

I am trying to file ITR through E-Filing but have some doubts.

Case :

Employee served in multiple organisation. So have more than one Form 16.

Earned interest amount from Saving Bank's account.

Also traded in shares which were bought in 2008 and sold in 2009 but not completed one year. Some are bought but not sold yet (Having loss in them).

Made some investement but not covered in any form 16.

Doubt:

Which form needs to be fillled? (I was trying to fill ITR 1 )
How to fill for multiple form 16?
Shares traded through HDFC securities. Do need to pay tax on that or already deducted?
How to fill for Capital gains?
What to do for investments made which are not included in form 16?
Which all document needs to submit along with? I prefer sending docs through mail.
Where to pay tax in case I of tax liablity?

Though its a huge list of my doubts but your valuable advice for my first ITR filing will be highly respected.

Regards

Ria

Replies (2)

vkbothra

Learning

690 Points Joined January 2009

Q. - Which form needs to be fillled? (I was trying to fill ITR 1 )

Ans.- for this you have to use ITR-2

Q. - How to fill for multiple form 16?

Ans. - in ITR-2 in salary section (Schedule S) you can add multiple salaries

Q. - Shares traded through HDFC securities. Do need to pay tax on that or already deducted?

Ans. - as per your query its showing, rise of STCG so first calculate STCG and after that tax on that.

Q. - How to fill for Capital gains?

Ans. - in ITR-1, Schedule CG fill the column no. 5

"Short term capital gain under section 111A included in 4"

Q. - What to do for investments made which are not included in form 16?

Ans. - there is nothing to do with investments in ITR-2, its for the person who is filling ITR -4, you can use those investment as for u/s 80c (see list of investments list)

Q. - Which all document needs to submit along with? I prefer sending docs through mail.

Ans. - no need to attach any documents if you are going to file e-return, other wise, form no.16, U/s 80C (LIC, PPF etc.)

Q. - Where to pay tax in case I of tax liablity?

Ans. - first fill ITR-2 this will calculate your tax liabilities automatic (first read instructions for filling ITR-2 and generate xml file)

if there is tax, than plz fill challan no. 280 (income-tax) as self assessment and deposit it online or thru nearly tax collecting bank. after that mention that challan no. in schedule IT. and you are done.