Intraday share trading

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30 April 2016 Income from Intraday share trading, which ITR to file?

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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30 April 2016 ITR - 4 will be file if Income from Intraday share trading, Income from intraday trading in shares is treated as speculative business income as the transaction is settled without delivery. Accordingly, it is charged under the head, ‘Profit and gain of business or profession'. As per Section 43(5) of the Income Tax (IT) Act, 1961.

Abhishek Ranjan Singh
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