Which ITR to file for share trading with Salary income

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Dear Sir,

I am an employee of reputed IT company and have a CTC of approx 20 LPA and house rent income of 1.5 LPA. starting from this year , I do share trading all either Intraday or delivery trade. I have almost 5 lakhs profit made out of the trading, Which ITR i need to file ? whether I can file in other income section in ITR2 which I have been filing till date?

Replies (7)

File ITR 3 with P&L  from the shares trading.

ITR 3

PART A - P & L - PROFIT AND LOSS ACCOUNT FOR THE FINANCIAL YEAR 2021 - 22 (FILL ITEMS 13 TO 60 IN A CASE WHERE REGULAR
BOOKS OF ACCOUNTS ARE MAINTAINED, OTHERWISE FILL ITEMS 61 TO 65 AS APPLICABLE)

65 - INCOME from speculative acitvity YHIS IS FOR INTRADAY

FOR DELIVERY ITR 2 IS OK

NEED TO FILL NATURE OF BUSINESS OR PROFESSION Code

Thank you for the details.

"FOR DELIVERY ITR 2 IS OK" - could you please let me know which schedule/section in ITR2 i can fill for delivery trade

Schedule CG

111A STCG or 112A for LTCG

Interest is like bussiness P&L /  Item

65

 

Thank you for the info.

For delivery trade , is there any upper limit 111A STCG or 112A for LTCG? 

Does IT Dept have any guideline whether delivery trade to be filed under CG or Business P&L(ITR3)?

 

Intraday is like bussiness ITR 3

Delivery only you can file ITR 2

You need to read income tax act 1961 laws and Rules available on IT portal for guide lines.

Thank you very much . It helps.

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