Can i consider little gain thru trading as short term gain?
This query is : Resolved
02 August 2019
I did a total of 140 transactions (70-buy, 70-sell) for intraday and made a gain of around 11000 Rs.
Is it possible to consider this gain as short term gain and pay 15 % instead of filling ITR3?
I will come under 10% bracket in taxes so i will be paying more only.
Can i file ITR2 considering this?
Is it possible to consider this gain as short term gain and pay 15 % instead of filling ITR3?
I will come under 10% bracket in taxes so i will be paying more only.
Can i file ITR2 considering this?
CA R SEETHARAMAN
(Expert)
03 August 2019
It is not possible to consider this gain as short term gain and pay 15 % instead of filling ITR3. Consider this as speculative gain and file ITR 3.
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