What itr to be fill

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2014 I have one client is a Govt. Employee and he has also income from Short Term Capital Gain(STT paid), loss from Long Term Capital Gain(STT paid) and loss from Speculation income(STT paid). So what ITR should be fill.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

16 February 2014 1. Salary Income = ITR -1.
2. Salary +LTCG +STCG= ITR-2
3. Salary +LTCG+STCG+ (SPECULATION INCOME WITH STT PAID= NORMAL BUSINESS INCOME)= ITR-4.
.
ITR-4 WILL BE APPLICABLE.
.

AVTAR SINGH

AVTAR SINGH (Expert)
Follow

17 February 2014 In case of business income (loss) ITR 4 has to be filed.

Upgrade to CAclubindia Pro. Subscribe Now!

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2014 Kindly let me know in form ITR 4 where can I put the figure of Short Term Capital Gain, Long Term Capital Loss and Speculaiton Income Loss.

AVTAR SINGH

AVTAR SINGH (Expert)
Follow

17 February 2014 STCG and LTCG under the head capital gain ad the speculation loss under the head business income(speculation).

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2014 thanx a lot Sir...........