17 January 2026
Whether share trading profits of INR 1 LAC in STT paid and STT not paid all in listed stocks can be shown as business income in ITR. I m trading since 5 year's I m a trader.
17 January 2026
According to CBDT Circular No. 6/2016, taxpayers have the option to treat listed shares as "stock-in-trade," meaning the resulting profit is classified as business income rather than capital gains. Consistency: Once you choose to treat listed shares as business income for a particular financial year, you must follow this approach consistently in subsequent years. Trading Activity: Your intent to earn profit through frequent transactions (as a "trader") supports this classification, even for delivery-based trades where STT is typically paid.
18 January 2026
GREAT. THANKS SIR. I SHOULD HAVE DONE THIS LAST FY. NOT KNOWING THIS, I PAID 2000/- PLUS , AS STCG TAX @20%. MY TOTAL INCOME IS APPROXIMATELY 6 LAC IN CURRENT FY, SO SHOULD I PAY ADVANCE TAX AT 5%? I AMSENIOR CITIZEN WITH PROFESSIONAL INCOME.
18 January 2026
If your aggregate income is just 6 lakhs and if you are likely to declare the trading income, there will not be any tax liability at all. (considering rebate u/s. 87A IT act.)
CAclubindia
