- Which ITR is applicable for income from different sources like
- Salary
- Short Term Capital Gain (STCG) from shares
- Speculative Income from Intraday Trading
- Non-Speculative Income from F&O Trading
- Whether the income from Indraday and F&O can be considered as Business and Profession and if yes then below expenses are eligible for deduction for claculating NET Taxable income or not
- Remuneration to expert (part time monthly basis) for fundamental anaalysis and market analysis
- Interest paid to spouse and brother for capital raised for trading and investment at standard market rate of 15% yearly (It has been considered as income from interest for spouse and brother while calculating their income)
- Mobil phone purchase for trading
- Internet and mobile expense
- Antivirus for PC
- STT and other transaction charges including brokarage fee
Which ITR is applicable for Income from Salary, STCG, Trading both Intraday and F&O
Elimur Rahman (Consultant and Trustee in a TRUST) (29 Points)
26 March 2021