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Air - trading in equity shares

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19 October 2014 Hello, I have only 1 lakhs ruppees, with that, i have bought shares of Rs 125 lakhs and sold the same for Rs 126 lakhs, net cash in my account on 31st March 2014 is 1 lakh and pnl of 1 lakh. Do i need to file income tax return, as my income is below taxable limit. Thanks
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Soumitra Basu

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Soumitra Basu (Expert)
20 October 2014 You need not file any income tax return.
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