Income Tax Return Filling based on negligible loss

Taxation
1

I am a smallcase user, last year one of my transaction dated 03.04.2023 was like this, I bought some quantity of Goldbees and Juniorbees ETFs (via SIP), on the same day as part of rebalance update few Goldbees and Juniorbees quantities were sold, leading to an intraday realized loss of Rs 4.

Note - This is the only intraday txn. of previous F.Y.

Do I need to file ITR-2 or ITR-3 for this transaction?

@Quicko

2

Hi @Shubham_Sarkar,

Intraday trading is reported under business income and hence, you’ll have to file ITR-3.

3

But it is just one instance. I am not an intraday trader. You may see that the net loss is of Rs.4 that too just one transaction which was unintentional.

4

Just don’t report the loss then.

Unintentional/intentional doesn’t matter. If you want to report it pick ITR-3. Since it’s a loss you can skip reporting it and go for ITR-2