please help regarding filing

552 views 1 replies

PLEASE HELP

I AM A SALARIED PERSON AND DO INTRA DAY TRADING NOT IN FUTURES AND OPTIONS.

I HAD IN CURRED LOSS OF 4.5 LAKHS IN PREVIOUS YEAR.

1) WHICH FORM TO FILL ?    ITR 2 OR  ITR4 

2 ) IF ITR 2 WHAT SHOULD I FILL IN CG SCHEDULE

A) TOTAL VALUE OF CONSIDERATION

B) TOTAL VALUE OF ACQUISTION

AS  IT IS A DAY TRADING ONLY I AM NOT TAKING ANY DELIVERIES AND HENCE NOT ACQUIRINGANYTHING EXCEPT PROFIT OR LOSS

3 )  waht DOES day trading loss figure should include  : loss  + brokerage + service tax + others charges except STT

or only  net loss  nothing else

4) if it is itr 4 what are the schedules i need to fill

Replies (1)

If U had done Business along with salary income then u should file itr-4 and if u had capital gain/loss  then u should go for itr-2 and for the computation of loss u should make proper working for that for every transaction and compute the loss as sale less purchase and brokerage should not be consider in the loss it should be shown as other charges and accordingly service tax will not be taken in the loss incured as it charged as an expense in the computation  

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