Tax Consultant
86 Points
Joined November 2012
Hello,
Case 1. If the Shares are Purchased and Sold, then it will attract capital gains (Long Term or Short Term, as the case may be).
Case 2. If Shares are Purchased as Investments (Reported in Balance Sheet- Financials), the following points to be noted in ITR Form-
1. ITR 3 - In case of Individual (Report in BS Sheet)
2. ITR 4 - In case of Individual (Report in Investments)
Note: ITR Forms may change as per status (Individual, Firm, HUF, Company, Etc).
Thank You