banner_ad

Itr form for f.y.2018-19 for profit from selling intraday shares i.e. ipo shares

ITR 367 views 6 replies

Which ITR form needs to be filed if I am having small amount of intraday profit (Rs.3000) and salary income of Rs.3 lacks (non taxable after deductions) for F.Y.2018-19 ? Will i have to pay tax on intraday profit on sale of shares even though my salary income is below taxable limit?
I purchase shares from IPO subscripttion and sale them within a week on which I have incurred profit of Rs.3000.

 

Replies (6)

You have to file ITR 3 if you have salary income and intraday profit or loss from shares

salary 3 lakh
pgbp 3000
if you have deduction of even 3000 you will not have to pay a single rupee tax
ITR - 2 . as it is a short term gain not from intra day but from invstmnt after taking del. from Ipo., hence will be added in ur income. u can claim any saving or in any internet on old nsc which is treated as saving.
u are eligible for TAX Rebate u/s 87 - A up to a income of 3.50 Lakhs , Hence nil Tax pl
Is it not considered as Speculative business...?

profit and gains from intraday trading is of speculative business hence ITR 3 is to filed. If you buy and hold shares and sell within one year or after one year then use ITR 2

In which column should I mentioned income from sale of shares purchased through IPO listing in ITR 2. What details I required to mention ? Should i Directly mention profit or I have to mention purchase sale and shares details also?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details