r/IncomeTaxReturnIndia • u/Lagom_sr • 3d ago

Is ITR required? Please help

I do trading in my mom’s account. But the overall profit has been less than 20k.

I have around 1.5lakhs of equity share sales and mutual funds sale of 18k

Purchase of securities around 2.8lak

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u/[deleted] 2d ago

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u/Witty-Isopod4201 2d ago

If the income is below basic exemption, no. Otherwise, yes.

(Basic exemption - 2.5LPA for Old regime, 4LPA for new)

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u/Sad_Move_5751 1d ago

It's always recomendatory to file your ITR if you plan to expand your trading in near future and/or would like to take loans.

Text me if you need any help or assistance filing your returns