05 July 2023
Hello Sir Along with STCG 75000 and LTCG 250500 Intra day profit is only 3000.
Is it necessary to file ITR 3 ?
If yes .. where and how to show profit in ITR3 .
Last year it was shown under profession .. No books of accounts maintained. It is learnt that this year their is amendment and require to show under Trading account.
Which is correct ? And if ITR 2 filled and 3000 profit clubbed under Short term gain what is consequences. ?
Please guide where and how to shown in ITR-2 or ITR 3 as required... .
05 July 2023
Correct advise would be to declare the intraday income under business in ITR 3. But if the trade volume and transactions are less than file ITR 2 with the declaration of intraday income under IFOS.
CAclubindia
