Itr to be selected

ITR 125 views 3 replies

one person has income from short term and long term from trading in shares.. not dealing in option trading..there is no other source of income.. which return should be filled..? what would be the difference if the income include intraday income also..?return

Replies (3)

ITR-2 for only short / long term trading in shares.

ITR-3 for speculative business due to intraday income.

ITR-2
Income Tax Dept has given option to tax payer to consider it either under capital gains or business income.

So you can use ITR-2 , ITR-3/4..

Generally ITR-2 is applicable but if intraday is then you have to use ITR-3


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