salary person- STCG loss

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190 Points Joined April 2017
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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On 28 July 2018 at 18:56 Report
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SEO Sai Gr. Hosp.
210174 Points Joined July 2016

ITR 3 

 

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On 28 July 2018 at 19:00
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190 Points Joined April 2017
ok thanks
but what about IF sheet in ITR 3
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On 28 July 2018 at 19:11
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SEO Sai Gr. Hosp.
210174 Points Joined July 2016

Whichever schedule not applicable........ should not be filled........

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On 28 July 2018 at 19:17
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190 Points Joined April 2017
not processed due to......

error "Atleast one row is Mandatory in schedule IF"

schedule SPI_SI_IF
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On 28 July 2018 at 19:34
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SEO Sai Gr. Hosp.
210174 Points Joined July 2016

You might have selected business code......... 00001

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On 28 July 2018 at 20:15
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190 Points Joined April 2017
yes sir
what is the resolution for this
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On 28 July 2018 at 20:29
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SEO Sai Gr. Hosp.
210174 Points Joined July 2016

For Intraday trading....... you can select 13018....... & not partner's code...

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On 28 July 2018 at 20:41
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190 Points Joined April 2017
ok thanks
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On 28 July 2018 at 20:46
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12244 Points Joined May 2017
why can't ITR 2 instead of ITR 3?
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On 28 July 2018 at 21:55
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SEO Sai Gr. Hosp.
210174 Points Joined July 2016

Intraday transactions....... under PGBP head !!!

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On 28 July 2018 at 23:45
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12244 Points Joined May 2017
yeah got it thanks...
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On 29 July 2018 at 08:21
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CONSULTING
1320 Points Joined April 2008

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.

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On 30 July 2018 at 14:23
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Proprietor
54 Points Joined December 2011

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.

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On 31 July 2018 at 17:23
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CONSULTING
1320 Points Joined April 2008

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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On 31 July 2018 at 18:03


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