Intra day share income below tax limit


This query is : Resolved 

Quick Summary
If your income from intraday share trading is below the basic tax exemption limit (Rs. 2.5 lacs), you might not be legally required to file a tax return for FY 20-21. However, filing an Income Tax Return (ITR) can still be advantageous for future financial needs. It's advisable to consider your total turnover and aggregate income for a comprehensive assessment.

30 June 2021 A female person intra day trading share transactions income below tax limit.(rs:2.5 lacs) source of income only.
Question:
Assess it returns filed compulsory in 20-21 f.y.

30 June 2021 It is not compulsory if taxable income is within the basic exemption limit. But ITR can still be filed for any future requirements.

27 November 2021 Check total turnover and aggregate income of the assessee for better analysis.


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