Comment on Taxation Simplified
commented on
15 Jul 2013, 03:36 PM
I have a follow-up question to my last query. Is it possible to show the profit/loss in F&O trading as speculative income using ITR-2 or is it mandatory to be filed as business income only using ITR-4? My CA told me that it should be okay to consider yourself (a salaried person) as an investor even though dealing with F&O trading and file returns using ITR-2 only, showing F&O income as speculative income (and follow the condition that s