Income Tax Retun Share Market Transcation
This query is : Resolved
Quick Summary
Amandeep Singh
(Querist)
23 February 2024
Sir
Please educate to me i have purchase some stocks from Share market through delivery.
I have hold it and sale after 3 Days and some time i have hold it One month. My profit and loss statement from Grow app show many transactions where i have done one Interaday Transaction . So please suggest One interadaay transaction can i show in Capital gain. As information available Interaday transaction is the part of business income. Earlier years i have filed ITR-1 income from Salary and interest from Bank.
Please educate to me i have purchase some stocks from Share market through delivery.
I have hold it and sale after 3 Days and some time i have hold it One month. My profit and loss statement from Grow app show many transactions where i have done one Interaday Transaction . So please suggest One interadaay transaction can i show in Capital gain. As information available Interaday transaction is the part of business income. Earlier years i have filed ITR-1 income from Salary and interest from Bank.
CA R SEETHARAMAN
(Expert)
24 February 2024
No, intraday trading can't shown under capital gains.
What is the amount of the intraday transaction.
What is the amount of the intraday transaction.
Amandeep Singh
(Querist)
24 February 2024
Sir, Purchase Rs.430
Sale Rs.426 Loss Rs.26/-
Only one transaction done interaday.
Rest delivery basic
So please suggest
Sale Rs.426 Loss Rs.26/-
Only one transaction done interaday.
Rest delivery basic
So please suggest
CA R SEETHARAMAN
(Expert)
24 February 2024
Ignore this business income, no need to include it in ITR as it's a small amount.
File ITR 2 with capital gains.
File ITR 2 with capital gains.
Message likes :
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Amandeep Singh
(Querist)
25 February 2024
Sir, if I file ITR2 in future can I face any issues from IT department
Please suggest
Please suggest
CA R SEETHARAMAN
(Expert)
25 February 2024
No issues you will face in future.
Message likes :
3 times
Amandeep Singh
(Querist)
26 February 2024
Thank you Very much Sir,
CA R SEETHARAMAN
(Expert)
26 February 2024
You are welcome...
...
...
Message likes :
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