Nitesh (Ipcc both group) 27 September 2020
Income of Salary and Capital Gain Source. (Both are combined below exemption limit)
there is Intraday loss of Rs. 650(Few Transactions) and short term profit of Rs. 150
can i use ITR 2 or need to use ITR 3 business Return.
Is it ok to ignore loss (Being small amount) and only show capital gain profit in return?
sabyasachi mukherjee 28 September 2020
The assesse has not claimed any deduction under
sec 10A,10AA,10B,10BA 80HH TO80RRB
THE ASSESSE SHOULD BE ENGAGED IN ANY BUSINESS.
HOWEVER FOLLOWING PERSONS ATE NOT ELIGIBLE TO AVAIL ANY BENEFIT UNDER SEC 44AD.
A PERSON CARRYING ON PROFESSION AS REFERRED IN SEC 44AA(1)
THERE ARE MORE CONDITIONS.