Share traders

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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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.

ITR-3 should be filed

Pls disclose the nature of share Trader

Whether he acting on behalf of the form or individual capacity.
He is in individual capacity and turnover is above 1 cr

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