Tax liability in case of a ca student?
Querist : Anonymous
Can a CA Student do Intraday trading through Demat accounts ?
Or permission of the institute is required in case he is presently doing the articleship ?
2.
And further if an individual is having so many intraday transactions dutring the financial year and have no other income have to file ITR 4 or ITR 1. Further, whether any permission is required to do intraday trading from Stock exchange to do as regular business ?
Can do Intraday as Much. No Such Limit.
File ITR - 2, Showing Capital Gain.
No Permission Required.
Querist : Anonymous
If the student wants to do that business, then permission of the ICAI is required if he is doing the same in the course of office hours of the Article Ship otherwise he can do so with the prior permission of the Principal (CA).
Thanks,
CA M Sreenivasa Rao.
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