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67°
Deal Cadet
nikhil9702

Is it necessary to file ITR for short term gain(IPO) even if my annual income less than 2.5L but i do a lot of money rotation transactions.
This is first time in my life I got IPO after continuously trying since last 6 months.

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Deal Cadet Deal Cadet
ravi7052
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Filing the ITR is advisable but wouldn’t be a problem if you don’t fall under the tax bracket, BTW what’s the yearly volume of rotation you’re doing?
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Deal Cadet Deal Cadet
nikhil9702
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Credit card money and also transfers to friends
Deal Subedar Deal Subedar
billubakra
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What does rotation mean here?
Deal Cadet Deal Cadet
nikhil9702
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Credit card to bank
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Pro Entertainer Pro Entertainer
Tejaa
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Yeah, file it. Go with Cleartax. It won’t take more than 10-30mins, even if you are filing for the first time.
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Deal Subedar Deal Subedar
vishal_ag
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What connection IPO has with ITR?
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