Income from share trading as business income

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Asst. Manager
29 Points Posted on 27 July 2022

Hi,

One of my clients, an NRI, has STCG from share trading. For filing the ITR can the taxpayer show his income as business income? If yes, How should the taxpayer disclose his income?

Also whether he should maintain books of account and what are all the mandatory compliances to be followed for the future?

 

Thanks in advance!

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On 27 July 2022 at 21:21 Report
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49 Points Posted on 27 July 2022
If you want to show as business income than file under head pgbp and refer sec 44AA for maintenance of books of accounts.
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On 27 July 2022 at 22:36

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