Please advise which ITR form can be used if invested in the stock market?
Note: My client has filed ITR 4 (TDS u/s 194J presumptive 44ada) for last couple of years.
9 Replies
Deepak Kumar
(791 Points)
Replied 28 July 2021
I think you have file itr-3 but depend on you how many amount to invest in stock market and how mouch you gain /loss according to your information then decided to file which ITR its my openion
sabyasachi mukherjee
(27574 Points)
Replied 29 July 2021
Criteria for selecting ITR
1. Quantum of income
2. Nature of assess
3. Source of income
1. Quantum of income
2. Nature of assess
3. Source of income
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 29 July 2021
If you just invest in stock market you may continue to file ITR 4. But if you sell stock and incur capital gain/loss, then you will not be able to use ITR 4, in which case ITR 3 would be the ideal form.
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
Subyasachi ji
poornima ji is absolutely right.
if there is to Capital gain and loss than not required to file ITR3, ITR 4 is only applicable
poornima ji is absolutely right.
if there is to Capital gain and loss than not required to file ITR3, ITR 4 is only applicable
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
Sourav you are replying twice the same answer just for getting points or 250/- reward on CAClubindia.
what is sense of yes or no, just for point..
Please respect this reputed profession and stop making fun of public platform.
It's already told by reputed member to you that stop replying without any base just for points
If you are not Stop this, I have to make complaint to block your account.
what is sense of yes or no, just for point..
Please respect this reputed profession and stop making fun of public platform.
It's already told by reputed member to you that stop replying without any base just for points
If you are not Stop this, I have to make complaint to block your account.
sabyasachi mukherjee
(27574 Points)
Replied 31 July 2021
Nidhi no figures are mentioned here .
try to understand the basics.
try to understand the basics.
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