Treatment of Intraday profit and loss for capital gains


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Intraday trading profits and losses are classified under the Profits and Gains from Business or Profession (PGBP) head for tax purposes. This means they do not impact your capital gains calculations. The income tax applicable to these profits is determined by your individual slab rate.

30 June 2023 what will be the treatment of intraday profit /loss on sale of shares.
what will be effects in capital gain.

30 June 2023 The profits or loss of intraday trading are assessed under head PGBP. No effect in capital gains.

13 October 2023 what will be the applicable tax rate to calculate income tax rate.

01 May 2024 Tax liability will arise as per slab rate.


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