Selection of Income tax form

i am a saliried person and i have a income from trading approx 40000
Replies (5)
Quick Summary
This discussion clarifies which Income Tax Return (ITR) form is appropriate for individuals with both salary and trading income. While ITR-1 is generally for salaried individuals, it's not suitable if you have income from trading. Trading income is classified as business income, and for those with salary and business income, ITR-4 is typically the correct form. The discussion also touches upon whether education loan instalments and interest paid are tax-exempt.

ITR-1
Sir,I am rajiv goel a student and taken ecucation loan is the amount of instalment and intt paid is exempt from tax or not and under witch section of income tax
ITR1 , is not applicable to salary and Trading business , please elaborate , what type of Trading business ?.
I am a salaried person my gross income from salary is Rs 5 lakh approx besides that i have income from equity trading of 0.40 lakh.
which itr form i should choose for fy 19-20
Trading comes under business and professional income. it should be ITR 4

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