I am a senior citizen pensioner. I dabble in share trading (small scale). By mistake I did a single intraday trading resulting in profit/turnover of Rs. 50/-. This happened recently in Q4 of FY 25-26.
a. Now, can I use ITR 2 instead of ITR 3, being a small speculative profit?
b. Being senior citizen, I had not paid advance tax till now (total liability of tax about Rs. 13 lakh). Will filing ITR 3 (due to small business income), result in penalty under 234B/C for non payment of advance tax? (Rs. 50 profit vs Rs. 1 lakh loss by way of penalties)
Thanks for any clarification/suggestion in advance.
CAclubindia
