Itr3 of share trader

This discussion clarifies how share traders should report income for ITR3. Turnover from shares, futures, and options should be shown as 'sales of goods' in the trading account, while all associated charges go into the P&L. For traders also involved in teaching, a combined balance sheet and P&L are required, with shareholdings reported at cost price. The placement of Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG) is also addressed.