80C - intra day trading

i think 80C deduction will be available against inra day trading income..no such any restriction..

dear lucifer

it is an speculation business income. yes u can cliam deduction under sec.80. there is a restriction that u can not set off the loss of this income with other income but there is no restriction regarding the deduction.

Deduction under Chapter VI-A is not applicable in the following cases.

A. Short Term capital gain covered under Section 111A

B. Long term capita gain

C. Winning

That means 80C deduction is applicable or set off or claimed against intra day trading income.

Agreed with all friends,

Intra day trading income considered as Speculation income and we should claim the deduction under sec 80C.

Regards,

Manoj

Yes can claim deduction u/s 80c bt not set off the loss