Hello
I am a senior citizen(with almost 2 years of experience) and have been filing ITR4(presumptive income) till last year since I had my software development/consulting contracts. However, this AY , I have no income to report from business/profession but only interest income from deposits. Additionally , I did some intraday/short term trading(Speculative Income)
1. Which is the correct form I should use to show Speculative income , profit/loss ?
2. Will I have to go thru to audit/preparation of books etc.?
(ITR4 presumptive income didnt mandate to keep books, audit etc..)
3. Can I still use ITR4 and show Speculative Turnover as Business Income ?
(I think , in this case , I may not be able to carry forward my loss?)
Help Required!!!
Thanks in advance
regards
SK
CAclubindia
