salary & trading in equity shares


articleship

HI, can I file return under presumptive taxation method (having salary & trading in shares (speculation & short term,longterm).
or file itr3.

which one is best?
 
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KVO Merau Kutchh

ITR 4: Return Form SUGAM cannot be used in following cases:::
(a) Income from more than one house property; or
(b) Income from Winnings from lottery or income from Race horses; or
(c) Income under the head “Capital Gains”, e.g. Short-term capital gains or long-term capital gains from sale of house, plot, shares etc.; 
(d) Income taxable under section 115BBDA; or  ....................  

 

Because of STCG in shares....... you cannot file ITR 4..........

So, you can file ITR 3 even for presumptive assessment

 

 
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