Intraday share trading

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

30 April 2016 Income from Intraday share trading, which ITR to file?

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
Follow

30 April 2016 ITR - 4 will be file if Income from Intraday share trading, Income from intraday trading in shares is treated as speculative business income as the transaction is settled without delivery. Accordingly, it is charged under the head, ‘Profit and gain of business or profession'. As per Section 43(5) of the Income Tax (IT) Act, 1961.

Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Disclaimer - Before making any decisions do consult the experts. We do not take any responsibility for misrepresentation or interpretation of act or rules. Neither we nor the firm accepts any liability for the loss or damage of any kind arising out of information in this document or for any action taken in reliance there on.

Message likes : 2 times