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Which itr form to be filled

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155 Points Posted on 16 September 2020
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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On 16 September 2020 at 12:21 Report
Replies (5)
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Tax and Business Consultant
11616 Points Posted on 16 September 2020
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.
66 Reply
On 16 September 2020 at 15:54
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155 Points Posted on 16 September 2020
First of all thanks
during f.y.19-20, I was only engaged in retail trading
& having nominal saving bank interest amt
1 Reply
On 16 September 2020 at 16:29
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Profession Business
28207 Points Posted on 16 September 2020
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.
44 Reply
On 16 September 2020 at 19:36
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Tax and Business Consultant
11616 Points Posted on 17 September 2020
"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
66 Reply
On 17 September 2020 at 09:51
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155 Points Posted on 17 September 2020
I am having demat account & doing intraday or positional trading only for me
I am doing my work from my home
1 Reply
On 17 September 2020 at 09:57


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