Invest in share market

04 April 2021

I am salaried person and i invest in share market in small basis.
I am filling income tax return so profit of share market is affect to my ITR.

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 04 April 2021

Yes profit from trading of shares should be shown in ITR

Kapadia Pravin (17264 Points)
Replied 04 April 2021

If you are an investor in shares then it will be capital gain and you have to file ITR2

CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 04 April 2021

Just check out nature of transaction from shares and then declare your profit in ITR.

Ramanathan N (4 Points)
Replied 05 April 2021

Is there any foolproof system to account all types of equity transactions including rights, bonus and grandfathering

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