Share traders

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Kkk
1204 Points Posted on 09 January 2022
if a share trader has loss from share trading and teaching is his profession which itr to be filled for f & O having turnover above 1 cr and 6 lacs in one from teaching bussiness.
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On 09 January 2022 at 21:34 Report
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Quick Summary
This discussion clarifies the appropriate Income Tax Return (ITR) form for an individual share trader who has incurred losses from trading and also earns income from teaching. If your share trading turnover exceeds 1 crore and your teaching business income is 6 lakhs, ITR-3 is the recommended form. It's important to clarify that the trading is being conducted in an individual capacity.

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114 Points Posted on 10 January 2022

ITR-3 should be filed

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On 10 January 2022 at 14:20
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Profession
28269 Points Posted on 10 January 2022
Pls disclose the nature of share Trader

Whether he acting on behalf of the form or individual capacity.
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On 10 January 2022 at 14:43
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Kkk
1204 Points Posted on 10 January 2022
He is in individual capacity and turnover is above 1 cr
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On 10 January 2022 at 16:17

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