Sir,
Can Intraday Profit/Loss be reported as Short Term Gain/Loss in ITR ?
Regards,
Vinod Kapoor
Sir,
Can Intraday Profit/Loss be reported as Short Term Gain/Loss in ITR ?
Regards,
Vinod Kapoor
But many professionals different.
| Originally posted by : Vinod Kapoor | ||
 |
But many professionals differ? |  |
Sourav, why you are fooling others just for sake of some points on CAclub.
Intraday trading is "speculative business" and the gain/loss is considered speculative gain/loss. It cannot be included in capital gain/loss.
The tax liability is higher but it is much easier to fill the ITR for speculative income. No need to show individual transactions.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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