Poonawalla fincorps
Poonawalla fincorps

Suggestion for appropriate return to file

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2012 Since last financial year ended 31.03.2011 I filed ITR-4 as I was engaged in trading of shares. As I incurred lossess I completely closed the trading activities and not made any transactions in shares activities during the financial year 2011-2012. I had pension income as well as income from other employer and interest during current F.Y. ended 31.03.2012. Further, lossess are there to be carried forward under Business/speculative business/capital gains etc. Please advice me the appropriate form of ITR to be filed this time.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
09 July 2012 ITR 2 is to be used, as you are not having business income in the current year.

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