I'm salary person
and done Intra day, STCG and LTCG in shares transaction, all in losses
which ITR should be file for above case
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salary person- STCG loss
Replies (14)
ITR 3
ok thanks
but what about IF sheet in ITR 3
but what about IF sheet in ITR 3
Whichever schedule not applicable........ should not be filled........
not processed due to......
error "Atleast one row is Mandatory in schedule IF"
schedule SPI_SI_IF
error "Atleast one row is Mandatory in schedule IF"
schedule SPI_SI_IF
You might have selected business code......... 00001
yes sir
what is the resolution for this
what is the resolution for this
For Intraday trading....... you can select 13018....... & not partner's code...
ok thanks
why can't ITR 2 instead of ITR 3?
Intraday transactions....... under PGBP head !!!
yeah got it thanks...
Salaried person with Intraday speculative income + STCG + LTCG then ITR2 is enough, no need for ITR3.
For the intraday speculative income, it will be Income from Other Sources (30%) tax payable.
STCG - regular 15% tax
LTCG - exempt if held beyond 1 year
Loss to be filed in Schedule CFL to be carried forward.
What about Speculation gain / loss in Future and Options, will it come in Other source too. Althoug i agree ITR 2 is enough as there is no reference to consider such activity as Business activity, Just my view.
When Salary is main source of livelihood, ITR2 form and then any income from F&O should get into Income from Other Sources (Speculative Income) which will directly involve 30% tax. That is my understanding.
We should hear from experts here.
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