Equity stocks short term income

Taxation
1

I have the following short term stock gain in fy 2017-18.

Should I use ITR2 or ITR3 or ITR4?

FY 2017-18:

Stock sale = 30.73 lakh
Stock purchase =28 lakh
Short term gain = 2.73 lakh.
No of purchases/sales = about 30-35

Period of holding per stock: 15 days - 4 months.

All trades = delivery stocks NSE.

Peak balance DMAT: 10 lakh approx (purchase value)

2

Hey @Vikram_000

Check out this module on Varsity for a clear understanding on taxation for traders & investors.

Also if it interests you, check out the taxation course on learnapp.co

1 Like
3

Thanks Kshiteesh.

I’ve seen that before. I’m just wondering if ITR2 would be fine for my level of activity in stocks?