Can we file ITR 2 for the person having income from Speculation of shars as well as LTCG & STCG on shares?
What if there is Speculation Loss, LT loss and ST Loss of shares?
1. No, .... ITR 3 to be filed.
2. Losses can be carried forward after set off with any income under other heads, except salary.
Due to speculative shares trading transactions, you need to fill details in ITR3. No alternative.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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