How to disclose Income from Sale of Shares in ITR

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  1. sir /madam, i want to know that i trade in share market in fy yr 14-15 in trade around 3 lakh rs shre in market but when i calculate my net profit it;s come around rs 550
    so my question is how this i show in income tax
    can i put direct profit in form
    & show my other income in other colum and submit the return
    please guide me
    THANKS IN ADVANCE FOR U R VALUABLE SUGGESTION
     
  2. rudrabose

    rudrabose Active Member

    If you are using ITR 1, you can simply mention the profit earned.

    If you are using any other form, you will have to mention the total cost of purchase as well as the total amount received on sale.
     
  3. i m first time filing the return this year my other in come is not from salary so can i file ITR 1 form
     
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