Short term capital gain shares
Vikash (G) (393 Points)
10 April 2021
Having short term capital gain and filing ITR2.DOES audit is required
5 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 April 2021
No Audit is not required. In your case STCG occurs and filing ITR 2 doesn't require to audit
Ankit Neema
(2742 Points)
Replied 10 April 2021
Intraday Trading, the Turnover equals Absolute Profit. Absolute Profit is the sum of all positive and negative differences from all the transactions.
I will suggest you file your return with professional person, he will guide you in better ways, as now a days department is raising the query even for small matter.
I will suggest you file your return with professional person, he will guide you in better ways, as now a days department is raising the query even for small matter.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 April 2021
If you're making profit form Intraday trading above exemption limit then you have to file ITR 3
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