Which ITR for Future & options income
This query is : Open
04 July 2022
Sir/mam,
Future and options profit raised income which head we have to show this income under Income tax head, which ITR form we have to use.
please guide me
Thanking you,
Future and options profit raised income which head we have to show this income under Income tax head, which ITR form we have to use.
please guide me
Thanking you,
04 July 2022
Show it as business profit file ITR 4 declaring minimum 6% profit on turnover.
Here turnover is aggregate of positive and negatives.
Here turnover is aggregate of positive and negatives.
Message likes :
1 times
04 July 2022
Thank you sir for your reply, it comes under normal slabs rate of Income tax
04 July 2022
If your profit is more than 6%, then you can use ITR 4 and declare under the presumptive scheme. The turnover should be up to Rs. 10 crores.
If there is lower profit, then use ITR 3.
If there is lower profit, then use ITR 3.
Message likes :
1 times
04 July 2022
Thank you Sir, The person is Senior Citizen 71 years and Having other income Rentals only which form
04 July 2022
As mentioned above use ITR 3 or 4 depending upon the profit of the business.
09 July 2022
Sir
Mam
Future and options
Example if any one invested 9 laks and received profit 4 laks
My doubt is I have to show directly 4 lakhs in inome from profit gains column
Or 6 percent on 4 lakhs in above column
Plz clarify my doubt
Mam
Future and options
Example if any one invested 9 laks and received profit 4 laks
My doubt is I have to show directly 4 lakhs in inome from profit gains column
Or 6 percent on 4 lakhs in above column
Plz clarify my doubt
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
