I am a salaried employee and traded stock market. Made gain of about 10k in short term gain 700 rs in intraday and 14k in FnO with turnover of 14 lakh. Salary is 10 lakh. Which ITR should I fill? Is tax audit needed?
Can I file only ITR1 with hope that IT notice won’t come? And if it comes, what will be max penalty for filling wrong ITR?
Since you have done intraday & fno so file ITR-3. Why do you want to file itr-1 and get into unnecessary risk of income tax notices. If your problem is how to file itr-3 then you can use any free income filing website like quicko, cleartax etc.