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At the outset, categorization of income loss from trading in options and derivatives, besides day trading into business income, capital gains, etc., would also depend upon specific facts of the case such as intention, frequency of transactions, period of holding of the assets, treatment in books of accounts ....
Income Tax Return filing: While the Income Tax Department has made the offline forms available, most salaried individuals require Form 16 from their employer to accurately complete their returns. ....
In February this year, the Income Tax Department issued the ITR forms for individuals, Hindu Undivided Families, businesses, and others for 2022-23 fiscal. Last year, such forms were notified in the first week of April. ....
ITR forms 2022-23: In February, the Central Board of Direct Taxes (CBDT) released the ITR forms for this fiscal. Taxpayers can file ITR as soon as this financial year ends. ....