I have a client. he has salary income and short term capital gains from the share market. he has short term gain on the basis of IPO. There is no such trading done by him. he has other misc interest income too. which return should be filed for him. whether ITR4 or ITR 2 is applicable.
20 July 2016
you can file ITR-2 to declare above income if he take delivery ,if he not take delivery than file ITR-4 This form will also allow him to claim expenses related to this business.If the income is more than Rs 1 crore, he will also need to maintain book of accounts
28 July 2016
I am not geting exactly your answer. Please expplain the same in detail. ITR 4 for delivery/not for delivery. when the use of ITR 2? can u pls explain for the said income,