Share day trading


This query is : Resolved 

Quick Summary
If you've made intraday share trading transactions, you need to declare the profits and losses on your Income Tax Return (ITR). For regular trading, this is typically reported under business income. However, if you've only made a few occasional trades, you can declare the profits under 'Other Sources' or Schedule OS, specifying the nature of the income.

(Querist)
26 July 2023 Sir/Madam,
Where to show Share intra day trading profit/loss in ITR because it is not his business income, so where to show it

26 July 2023 Regular trading of Intraday transaction needs to be declared under Business income. In case of very few transactions, one may declare the profits under Schedule OS.

pooja (Querist)
26 July 2023 Thanks Sir,
Not regular but few transactions, but in other sources where to show..in other income..?

26 July 2023 Yes, under other income, specify the nature of income.

pooja (Querist)
26 July 2023 Thanks a lot Sir for always being a great help..

26 July 2023 You are welcome.


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