Itr form selection & stcg query

ITR 536 views 2 replies

ajay saxena

self

44 Points Joined July 2013

Hi. I have income from salary, minor losses from share margin trading and exempt income from perdiems. From my research i believe i should fill form 4.(plz correct me if i have got it wrong)

1.can I show annual account charges (of ICICI Demat a/c) as expenses incurred for running trading business. if yes where(which schedule/colum)

2.can I add brokerage charges of share transactions (not stt) as expenses. If yes where.(which schedule/colum)

3. do i need to mention nature of business if answer to 1&2 is yes. if yes, plz specify the code of business

Replies (2)

CA LOVELY ARORA

C.A. B.Com (H) Graduate

2151 Points Joined August 2008

Dear Ajay,

you are supposed to file ITR-2 not ITR-4....

1. No, it's not your business... it's your capital gain/loss... you can show it only when you are in share trading business... otherwise not..

2. Brokerage charges are already included in your purchase transactions.. and already deducted from your sales transactions.. along with STT, service tax charges etc..... you need not to show them separately in your ITR...

3. I don't think its your business (regular transactions).... generally its Capital Gain/loss.... but provide more details if you think its your business...

Best Regards,

CA Lovely Arora
ca.lovelyarora @ gmail.com
+91-9891400405