IS A SHORT TERM  TRADER  IN STOCK MARKET TO FILE  RETURN OF INCOME UNDER SEC 44 AD?  AND IS    ITR IV  APPLICABLE FOR HIM?PL. REPLY

R.V.RAO

raovr2001@yahoo.com

Posted 2 years, 10 months ago by venkata rao


Hi solution to your question is here, Section 44(ad).

Posted 2 years, 10 months ago by CA Pulkit Sharma


Yes, you can file U/s 44AD, Short Term Trader of Shares comes Under the Catagory of Speculative Business, there is no any restrictive bar to file U/s 44AD in this case. only commission income can not be taken in the given section.

 

Posted 2 years, 10 months ago by MANOJ SHARMA


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