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INCOME TAX RETURN PROCEDURE IN CASE OF PERSON TRADING IN SHARES AS TRADER, Income Tax

Issue Id: - 112988
Dated: 31-10-2017
By:- PIYUSH MITTAL
INCOME TAX RETURN PROCEDURE IN CASE OF PERSON TRADING IN SHARES AS TRADER

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Sir

I want to know the procedure of income return filling in case of person dealing in shares as trader both in short term,long term & intra day trading. Also whether the assessee has filed ITR under the provisions of Sec 44AD.

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Showing Replies 1 to 2 of 2 Records

1 Dated: 31-10-2017
By:- CA GOPALJI AGRAWAL

The delivery based transactions will be treated as normal sale/purchase while non-delivery transactions profit/loss turnover would be considered ignoring its sign (+) or (-). More detailed study could be had through Guidance Note of ICAI under Section 44AB of the Income Tax Act 1961


2 Dated: 3-11-2017
By:- MARIAPPAN GOVINDARAJAN

Can you please cite the ICAI site menu for downloading this guidance?


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