Good Afternoon Sir,
from f.y.19-20, I started trading in NSE
as a beginner I bear some loss
I am trading from my home
now I want to know for income tax return filing for a.y.20-21, which form is to filed by me
Thanks in an advance
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Which itr form to be filled
Replies (5)
Based on information given,
You can file ITR 2 (if you have this loss, any salary income or any income from other sources..
but if you have any business income also along with this, than you have to file form ITR 3.
You can file ITR 2 (if you have this loss, any salary income or any income from other sources..
but if you have any business income also along with this, than you have to file form ITR 3.
First of all thanks
during f.y.19-20, I was only engaged in retail trading
& having nominal saving bank interest amt
during f.y.19-20, I was only engaged in retail trading
& having nominal saving bank interest amt
Bank account is not the criteria.
It's basically the nature of income.
In case you want to scale it up and your income is under a seperate co. it is seperate.
It's basically the nature of income.
In case you want to scale it up and your income is under a seperate co. it is seperate.
"engaged in retail trading" it's means share trading or you have other retail trading business (i.e retail shop)
If You have other retail Trading shop than its business income a required to file ITR 3.
otherwise you can use ITR 2
If You have other retail Trading shop than its business income a required to file ITR 3.
otherwise you can use ITR 2
I am having demat account & doing intraday or positional trading only for me
I am doing my work from my home
I am doing my work from my home
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