Filing itr for salaried professional with other investments

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  1. I would like to get some guidance on filing ITR returns for FY 2017-2018. I am a salaried professional (I would have Form-16) with investments in other sources and also in stock market. I have the income tax calculations done for incomes coming from other sources (i.e. based on my tax slab). Through the Mprofit applications and the contract notes I have the short term and intraday profit/losses calculated. How do I proceed with income tax return filing?
    1. Given that LTCG is now taxed, how could I calculate that?
    2. What ITR Form do I need file?
    3. What steps do I need to follow to file the income tax on cleartax?
    4. Should I be taking assistance from a CA to file my ITR? If so, what would it be for?
Replies (5)

Given that LTCG is now taxed, how could I calculate that?

Not for FY 2017-18......... it is tax exempt till all the transactions upto 31.03.2018.

What ITR Form do I need file?

ITR 3 in case of normal process. Otherwise ITR 4 if intraday gains can be declared under presumptive assessment. (The forms may change for AY 2018-19, the suggestion is based on AY 2017-18)

What steps do I need to follow to file the income tax on cleartax?

They provide paid service, if required.

Should I be taking assistance from a CA to file my ITR? If so, what would it be for?

Depends upon your experience in handling such job. Better to get help whenever any doubt.......
 

Thanks for the reply.

1. Are there any trainings or youtube video series that can help me to file my ITR myself?

2. What more is needed to calculate the tax apart from calculating the short term capital gain and intraday gain/loss?
 

Refer: 1. filing_your_income_tax_returns_online

2.    eFiling/Registration_Services

3.   e-filing_ITR_hbook

Thanks for the reply. I will go over the links. Any comments on the 2nd point?

All the income whether taxable or not is to be considered, as explained through the links.

Non-taxable will be disclosed under schedule EI, while taxable are disclosed under 5 heads........


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