capital loss or buisiness loss

 Speculative Business Loss

it will be considered to be business loss, speculative in nature.

Intraday margin losses can be only setoff against intraday margin profits , as they are speculative in nature . 44AB (tax audit ) applicable if t/o exceeds 40 lakhs.The high volume of share transactions in a short period means the intention was business and not capital gain .The total of favourable and unfavourable differences is to be taken as turnover.(turnover = profits in intraday trading + losses in intraday trading ) , if total exceeds 40 lakhs , 44AB is attracted

 business loss