Income from speculative trade

RAM K V (Others) (27 Points)

25 March 2017  

Hello, I have taken VRS from my company two years back. Now I do not have any salary income. I do pay for the House loan EMI. I have small income from interests in saving bank accounts and dividend from long term share holding.

Recently I have started trading in stock exchange. This includes Stocks, futures and options both on intra day basis and holding for a longer time than one day. Based on this what ITR form I should fill? Also is there any difference as far as Tax law on intraday trade income/loss and short term gain/loss from stocks, futures and options? ( say selling after a week or month)

Kindly advise.