Itr3 filing

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.

Replies (9)
You file ITR1 if salary below 50 lakhs.
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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details