Itr form

ITR 3 for AY 2017-18

Can I add amount of Short Term Capital Gain from shares & profit/loss in speculation from shares

Both are different as such.......... The STCG is specifically taxed at 15%.

It will be advisable to follow the statements given by the broking firm/agent.

@ David : 

Rule 8 of the Income-tax Rules provides that Income derived from the sale of tea grown and manufactured in India by any person shall be computed treating it as though it is income derived from business and forty percent of such income shall be taken to be the income liable to tax. While computing the income from tea, development allowance as laid down under section 33AB of the Income-tax Act shall be allowed.

As you wish to apply  for bank loan it would be advisable for you to file ITR 3 for AY 2017-18.

@ David :

When you wish to apply for loan from bank.......... Bank require last 3 years financial statements from the applicant......... 

Based on those parameters, I advise you to file ITR 3.......... Because no accout case (in ITR) is not given any weight by bank, because bank cannot verify the statements produced by you with ITR.....

1. No

2. Yes

Requirement of maintaining books of accounts depend on many other factors......

Say, your profit margin is more than 8% ........ no need