Is there any issue if a govt employee files ITR -3 as it is considered that normally itr3 is filed if we have some business income.
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Itr3 filing
Replies (9)
You file ITR1 if salary below 50 lakhs.
ITR3 is for business income
ITR3 is for business income
i have salary ,stcg & speculative profit too, in that case?
There is the only one option ITR-3 as you have business income.
thank u.kindly comment on first question too
";Is there any issue if a govt employee files ITR -3 as it is considered that normally itr3 is filed if we have some business income''
As per my knowledge, there is no specific ITR form for Govt. employees. so you should file ITR-3 as you have business income.
You should check policy of Govt employer as to whether it's rules allow such speculative business activity or not.
i agree with u, but there is no clear guide lines in this regard
Suppose the Demat account holder is govt employee but the trading activities are carried out by spouse or any family members ,in that case it can be shown as business income. is there any rule which states that the account holder must do the trading? pls do respond
Both demat and share market accounts are linked. so same person has to do activity
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