Is ITR 3 or ITR 4 (SUGAM) is desirable for option traders

Deal Brigadier

Also in nature of business some people's using 21008 code & 13010 code pls clarify which code is suitable for option traders .

Thanks 🙏

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Pro Entertainer Pro Entertainer
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Salaried with Less than 10k capital gains, ITR 1 or 2?

Pro Community Angel Pro Community Angel
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Pro Community Angel Pro Community Angel
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ITR 4 is to be used only if opting for presumptive taxation, otherwise ITR 3, there is no "choice" as such. 

Business code is irrelevant, selecting any approximately correct business code is fine, isn't integral for income tax dept. 

Post Tycoon Post Tycoon
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Not a salaried person and invested his own income(from parents ) in Options and mutual funds. is it compulsory to  file incomtax

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Deal Brigadier Deal Brigadier
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@androgame bro sundry debtors, creditors, inventories mandatory h traders k liye?

Pro Community Angel Pro Community Angel
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As an options trader I don't think anyone would be having these components, so you can keep blank.

The crux is that nothing matters for the income tax department of you have paid the tax correctly and can prove that with any supporting document. 

I have never seen income tax cases lasting long for people with less than 1 crore taxable income. The department gives no time to small cases.

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Generous Generous
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kabi kabi to sochta hu ki dubai ya ukrain me online business bana k nri ban jau and this thing over all together

Deal Cadet Deal Cadet
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I have a friend who has a salary of 60lacs, capital gains of 24lacs and fno profits of 31 lacs. He has crossed 1cr. He expects this to increase next year. How can he save tax? DMs welcome.

Deal Brigadier Deal Brigadier
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