CAN I BOOK LOSS FROM INTRADAY TRADING OF EQUITY SHARES

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3 Points Posted on 15 January 2021

CAN I BOOK LOSS FROM INTRADAY TRADING OF EQUITY SHARES IN FY 2019-20 ALONG WITH MY BUSINESS INCOME ? 

 

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On 15 January 2021 at 18:58 Report
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You can book losses from intraday equity share trading in FY 2019-20. However, these losses are classified as speculation losses and cannot be offset against your regular business income. Such losses can only be set off against other speculation gains. Be aware that claiming these losses may require an audit.

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Chartered Accountant
24588 Points Posted on 15 January 2021
Yes, but you can't set off such loss of intra day trading with business income
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On 15 January 2021 at 19:03
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17269 Points Posted on 15 January 2021
Such loss is Speculation loss and can be set off against speculation gain. Loss you can definitely book.
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On 15 January 2021 at 21:12
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Accountant
4533 Points Posted on 15 January 2021
No you can't claim loss on intraday trading without audit
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On 15 January 2021 at 22:04

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