I am a retired man. Presently Trade in stock market. How can I fill my income tax form.?

you are inviting troubles unnecessarily you keep quite

sometimes you earn profit and some times you loose does the govt shares your loss

you keep quite and be silent in this matter

This is same as before the retirement. Now you just have income from other sources (interest on fixed deposit) and capital gains income (shares trading non regular). So you have to file ITR-2 form which have all the collumns of your income particulars. Moreover, since the share trading and FDR interest is on PAN i.e. records. So you can skip from filing the return.

Follow the steps as under to pay tax online:-

Step 1

a) Log on to NSDL-TIN website (www.tin-nsdl.com).

b) Click on the icon e-payment: pay taxes online.

c) Click on ‘Please Click Here’.

d) Select the required challan.

Step 2

After selecting the required challan, you will be directed to the screen for entering the following data:-

a) PAN for non-TDS payments and TAN for TDS payments

b) Name and address of the taxpayer

c) Assessment Year

d) Major Head Code

e) Minor Head Code

f) Type of payment

g) Select the bank name from the drop down provided

In case of challan no. 280, 282 and 283 the Permanent Account Number (PAN) needs to be entered. In case of challan no. 281 Tax Deduction/Collection Account Number (TAN) needs to be entered. Please ensure that you enter PAN/TAN correctly, as this is extremely important for further processing. The system will check the validity of PAN/TAN. In case PAN/TAN is not available in the database of the Income Tax Department then you cannot proceed with the payment of tax.

Step 3

After entering all the above detail, click on PROCEED button. TIN system will display the contents you have entered along with the “Name” appearing in the ITD database with respect the PAN/TAN entered by you.

Step 4

You can now verify the details entered by you. In case you have made a mistake in data entry, click on “EDIT” to correct the same. If all the detail and name as per ITD is correct, click on “SUBMIT” button. You will be directed to the net-banking site provided by your bank.

File ITR only if your annual income is more than Rs 2,40,000/-.

------Income--------------Head

1. Pension -------------Salary

2. FD Interest---------Other Sources

3. Trading--------------Capital Gains ( delivery based)

After retirement, exposure to high risk investment is not a good idea. Allocate only 5-10% of your funds for trading.

HMT

filing incometax return by showing actual income is bounden duty of every person who is having taxable income & special transactions. in your case you are having income from other sources like interest on investment & also u are dealing in shares at specific intervals. as such you should follw the instructions in one of answer and file your Return of Income without fail.

Detailed procedure has been given by one of the answerers.

Please do not listen to advise from half baked advisors who say 'forget filing tax returns'.

IF you have taxable income beyond Rs. 1,60,000 (Rs. 2,25,000 women) (Rs. 2,40,000 senior citizens), then filing tax return is mandatory. No excuses for not filing.

Please do file your returns. Online help is available in the form itself. If you do not fill properly, the page is not validated by the software. If you need further help, please write to sbalas2000@yahoo.com.

this time you have to file ITR-2 form and fill all the required information. nothing difficult. if you want i can help you send me your income details will do it and send it to you.

Tulsi Gupta

I wouldn't advise it, it's better to use a dark colored erasable ink pen.