Comment on Taxation for Traders - Introduction
commented on
28 Apr 2015, 02:14 PM
Dear Sir,
I have a shop which gives around 2 lakh of income
and i also did trading (delivery+intraday) with turn over of around 35lakh (huge amount is because of intraday trading) but the profit made is only 40000.
my queries:
1. Do i need to fill ITR2 or ITR4?
2. Do i show the trading as my business or as other income?
3. in calculation of capital gain in ITR,
Will i have to show the complete turn over amount or i can show only the base amount which i invested and the final amount which i got in end year.