Problem regarding income tax filing

Tax queries 148 views 5 replies

I take tuition classes & have annual tuition income of Rs.195000.
I also do intraday share trading & incurred annual loss of Rs32105.
My queries are -
1. which itr i have to file.
2. In ITR which head I have to choose for above incomes.
3. what will be my turnover.
4. When i will require audit.
Please reply as soon as possible because I want to file my ITR.
Thanks in advance.

Replies (5)

1. ITR 3

2. PGBP

3. speculative turnover as per broker's statement

4. No need

Sir thanks for the reply. But can I show Tuition income under 'Other sources' head and Intraday loss as speculative business income under the head 'PGBP'

Yes, can be declared like that.

Thank you sir for the advice.

Most welcome, dear...... 


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