Hi,
My mother does share trading both for intraday and delivery of shares. She earns less that Rs. 1 Lakh from the share trading per financial year. She has no other income apart from this.
I want to know that does she needs to file income tax return?
Regards,
Kumar
As the income is below the maximum amount chargeable to tax, filing of ITR is not compulsory.
IN ITR 7 PAN OF ALL THE MEMBERS ARE MANDATORY BUT IF THERE ARE A LARGE NO. OF MEMBERS & THEY NOT HAVE PAN THEN HOW TO FILL "SCHEDULE K" OF ITR- 7. IS THERE ANY SCOPE OF ATTACHMENTS WITH ITR 7?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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