Tax liability for shares investment

I invested about 70000 from my household savings and have no income of my own. I lost heavily in intraday trading done by stock broker without my knowledge transaction shown turnover of more than I crore in it. how to show this in my tax return

asked Sep 28 '13 at 21:04 by Shikhapannala 11


This would be treated as business loss and you need to file income tax return using ITR-4 form.

answered Sep 29 '13 at 00:52 by Pankaj Batra 5.2k320

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Asked: Sep 28 '13 at 21:04

Seen: 1,594 times

Last updated: Sep 29 '13 at 00:52