Should I have to file ITR

Taxation
1

I’m a student. I don’t have any other income and I made a loss of 3500 in 4 months in intraday. So should I have to file ITR.

2

Ideally you should file ITR as you did some earning activity.

3

Then which ITR form

4

I think it’s ITR 4. Wait for some tax expert to answer your query.

5

Yes. ITR4. Period.
The fact that you were able to trade implies you had a brokerage account and hence a PAN card which makes ITR filing compulsory every year thereon. Also, if the loss is in FnO, you can show it as business income and carry forward it to adjust against future gains in the coming years.

6

i have made a total intraday turnover of 4334.75 and my intraday profit is (3097.75), which is more than 8% of turnover. In this case is tax audit is compulsory and I dont have any other sources of income.

7

No, you dont need to file any ITR as you dont have any other income source, hmm if u want to carry forward your loss u can file ITR3. for more on taxation go to https://zerodha.com/varsity/module/markets-and-taxation/