I'm salary person
and done Intra day, STCG and LTCG in shares transaction, all in losses
which ITR should be file for above case
ITR 3
prashant desai (190 Points)
28 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174877 Points)
Replied 28 July 2018
Whichever schedule not applicable........ should not be filled........
prashant desai
(190 Points)
Replied 28 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174877 Points)
Replied 28 July 2018
You might have selected business code......... 00001
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174877 Points)
Replied 28 July 2018
For Intraday trading....... you can select 13018....... & not partner's code...
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174877 Points)
Replied 28 July 2018
Intraday transactions....... under PGBP head !!!
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 30 July 2018
Salaried person with Intraday speculative income + STCG + LTCG then ITR2 is enough, no need for ITR3.
For the intraday speculative income, it will be Income from Other Sources (30%) tax payable.
STCG - regular 15% tax
LTCG - exempt if held beyond 1 year
Loss to be filed in Schedule CFL to be carried forward.
Peeyush
(Proprietor)
(54 Points)
Replied 31 July 2018
What about Speculation gain / loss in Future and Options, will it come in Other source too. Althoug i agree ITR 2 is enough as there is no reference to consider such activity as Business activity, Just my view.
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 31 July 2018
When Salary is main source of livelihood, ITR2 form and then any income from F&O should get into Income from Other Sources (Speculative Income) which will directly involve 30% tax. That is my understanding.
We should hear from experts here.
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