27 July 2022
Sir, one of my relative have income from share trading during 21-22. his income from share trading is below short term gain 1,14,754.75 Loss from speculation (11658.00) he also income salary 4,50,000 after standard deduction. Please advise 1. how to calculate tax on share trading 2.which ITR FORM is use in this case. Please advise
27 July 2022
Depends upon the turnover of the speculative transactions. In general ITR 3 is required to be filed, but if such transactions are less, and if do not wish to set off the loss, you may file ITR 2.
CAclubindia
