Comment on Taxation Simplified
commented on
01 Jun 2013, 12:23 PM
Amit,
Because you are actively trading equity and options, you have to use the ITR4.
Saving bank interest is taxable but you get the benefit of deduction of upto Rs 10000 on Saving bank interest under section 80TTA. So technically you would have to pay taxes only if your SB interest is above 10000.
Dividends are tax free.