Hi friends
A person has X amount of money in bank and is only trading in Derivatives Futures contract practically on a daily basis or holding it for few days.
And this is the only source of income generation.
Now for a person like this, which Income Tax form would be applicabel to be filled. I believe now there are only four forms. i.e. ITR-1, ITR-2, ITR-3 and ITR-4.
Which ITR form would be applicable to this person. Knowledgable firends, please reply at earliest.
Thanks
Tarmac
A person has X amount of money in bank and is only trading in Derivatives Futures contract practically on a daily basis or holding it for few days.
And this is the only source of income generation.
Now for a person like this, which Income Tax form would be applicabel to be filled. I believe now there are only four forms. i.e. ITR-1, ITR-2, ITR-3 and ITR-4.
Which ITR form would be applicable to this person. Knowledgable firends, please reply at earliest.
Thanks
Tarmac