• ITR 2 form for salaried and income thru sales of stock

I m a salaried individual. While filling itr 2 form on excel sheet , on CG schedule, what to write in 2(a)
and 2(b). I got 50k profit from buying and selling stocks several times. What to write in "full value of consideration" in 2(a) in CG.
Asked 8 years ago in Capital Gains Tax

You have to mention total sales proceed.

Vidya Jain
CA, Kolkata
1026 Answers
58 Consultations

5.2+5.5= 10.7

Vidya Jain
CA, Kolkata
1026 Answers
58 Consultations

Hi,

In the example given by you, full value of consideration will be 10.7 lacs and cost of acquisition would be 10.2 lacs.

Please feel free to call/revert in case you need more clarity.

Thanks and regards

Abhishek Dugar

CA CS B.Com

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

No then ITR 4 is applicable. You have to file only ITR.

If you want I can help you to complete it at nominal fees.

Vidya Jain
CA, Kolkata
1026 Answers
58 Consultations

Hi,

Only ITR-4 will have to be filed by you. You cannot file different forms for the same year.

Regards,

Keerthiga Padmanabhan

M.Com., CA, LLB

Keerthiga Padmanabhan
CA, Greater Mumbai
784 Answers
27 Consultations

No, one person can only file one ITR.

In that case you have to file ITR 3.

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

Sir Intraday will be counted as Speculation profit/Loss under the head Business/Profession and ITR 4 is applicable.

In the same form under capital gains head you need to file Short term Gain or Loss. You should have value of Shares Sold and Value of shares purchased if they are taken for delivery and then sold. Only one ITR need to be submitted.

Shyam Sunder Modani
CA, Hyderabad
1409 Answers
164 Consultations

Hello,

You will have to show the total amount of sale consideration and the total purchase value in your return.

No, you cannot file two different returns for the same year.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

Rohit R Sharma
CA, Mumbai
2104 Answers
95 Consultations

Hi,

You can file only one ITR Form. If you have intra-day sales, then it is treated as Speculative Business.

Hence, you have to use ITR-3 for AY 2017-18

Pradeep Bhat
CA, Bengaluru
542 Answers
94 Consultations

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