Which ITR Form to be used for Income from Share Trading

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  1. shalinis

    shalinis New Member

    i m doing share security business.....since from 8 yrs, till now i m not file my returns....is it compulsory to file returns, if so which ITR is applicable in my case.
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    If your income is taxable - you are required to file your income tax return.
     
  3. shalinis

    shalinis New Member

    thank u so much manoj mehra ji.....which ITR has to be filed?
     
  4. Manoj Mehra

    Manoj Mehra Active Member

    In case you earning Income from Trading in Equity - you can file your returns in ITR 1. (ITR 1 is the easiest out of all the income tax return forms)

    In case you are also trading in Futures and Options - you would be required to file returns in ITR 4.
     
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