Is ITR 3 or ITR 4 (SUGAM) is desirable for option traders
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ITR 4 is to be used only if opting for presumptive taxation, otherwise ITR 3, there is no "choice" as such.
Business code is irrelevant, selecting any approximately correct business code is fine, isn't integral for income tax dept.
Not a salaried person and invested his own income(from parents ) in Options and mutual funds. is it compulsory to file incomtax
@androgame bro sundry debtors, creditors, inventories mandatory h traders k liye?
As an options trader I don't think anyone would be having these components, so you can keep blank.
The crux is that nothing matters for the income tax department of you have paid the tax correctly and can prove that with any supporting document.
I have never seen income tax cases lasting long for people with less than 1 crore taxable income. The department gives no time to small cases.
kabi kabi to sochta hu ki dubai ya ukrain me online business bana k nri ban jau and this thing over all together
I have a friend who has a salary of 60lacs, capital gains of 24lacs and fno profits of 31 lacs. He has crossed 1cr. He expects this to increase next year. How can he save tax? DMs welcome.
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Salaried with Less than 10k capital gains, ITR 1 or 2?