Invest in share market

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10 Points Posted on 04 April 2021
I am salaried person and i invest in share market in small basis.
I am filling income tax return so profit of share market is affect to my ITR.
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On 04 April 2021 at 14:24 Report
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Quick Summary
Investing in the share market, even on a small scale, has implications for your Income Tax Return (ITR). Profits from share trading must be declared. If you're an investor, these are typically treated as capital gains, requiring you to file ITR2. It's important to correctly identify the nature of your equity transactions, including rights, bonus issues, and grandfathering, and declare your profits accurately.

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Chartered Accountant
24588 Points Posted on 04 April 2021
Yes profit from trading of shares should be shown in ITR
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On 04 April 2021 at 14:29
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17269 Points Posted on 04 April 2021
If you are an investor in shares then it will be capital gain and you have to file ITR2
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On 04 April 2021 at 16:09
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Chartered Accountant
86505 Points Posted on 04 April 2021
Just check out nature of transaction from shares and then declare your profit in ITR.
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On 04 April 2021 at 16:46
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4 Points Posted on 05 April 2021
Is there any foolproof system to account all types of equity transactions including rights, bonus and grandfathering
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On 05 April 2021 at 21:18

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