I do plan to consult a CA, but the problem is so far the CAs I have encountered just don’t know how to enter the details of short term trades as non-speculative income or how to enter F&O income and turnover. I’m purely a trader, I have no other income.
All I seek is this: Which entry goes where in the ITR4 form. As in, the schedule and section number. If you can provide me these details, I can finally tell the CAs what I’m looking for.
Here are the details of my FY 2015-16:
Interest from savings bank & Infra bonds: 12173
Total dividend: 14189.25
Total intraday losses : (25604.4)
Total short term trade profit (to be shown as business income, not STCG): 70221.6
Total futures profit: 10307.5
Not traded in options
Total capital gains: 74554.51
Total short-term trades turnover: 1929948.20
Total intraday (speculative) turnover: 52684.40
Total futures turnover: 71107.50
Total trading expenses (Brokerage + STT + service charge + turnover charges + Stamp duty + SEBI charges) in futures: 17571.85
Total trading expenses (Brokerage + STT + service charge + turnover charges + Stamp duty + SEBI charges) in short term trading and intraday: 22760.26
I couldn’t get the separate expenses for intraday and short term trades from Zerodha records. The records show the charges together. Is it necessary to show the speculative and short-term (business, not STCG) expenses separately? If yes, how to get the separate info from Zerodha records?
I will be very grateful if you could fill out a sample ITR 4 form with the above details. It will be very helpful for pure traders like me who have absolutely no other source of income.