Short term capital gain shares

Having short term capital gain and filing ITR2.DOES audit is required
Replies (5)
Quick Summary
This discussion clarifies the requirements for filing Income Tax Returns (ITR) when dealing with short-term capital gains (STCG) from shares. It explains that filing ITR2 for STCG generally does not necessitate a tax audit. However, for intraday trading, the turnover is calculated differently, and if profits exceed the exemption limit, filing ITR3 might be necessary. It's recommended to consult a tax professional for accurate guidance.

Not required
No Audit is not required. In your case STCG occurs and filing ITR 2 doesn't require to audit
Ok what in case i do intraday trading also
Intraday Trading, the Turnover equals Absolute Profit. Absolute Profit is the sum of all positive and negative differences from all the transactions.

I will suggest you file your return with professional person, he will guide you in better ways, as now a days department is raising the query even for small matter.
If you're making profit form Intraday trading above exemption limit then you have to file ITR 3

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