Hello friends I want to know which ITR must be filed in case of Income derived from transactions of derivative done in fy 2021-22.
Replies (4)
Quick Summary
This discussion clarifies which Income Tax Return (ITR) form to use for income earned from derivative transactions in FY 2021-22. The choice between ITR 3 and ITR 4 depends on the nature of your income declaration. Generally, if you are not opting for presumptive taxation schemes like Section 44AD, you should file ITR 3. Otherwise, ITR 4 might be suitable.