Income Tax Audit

Yes, but you can avoid it by offering 6% profit over the intraday turnover...

Agreed. No problem with respect to STCL, but intraday loss, with gross total income (Rs. 3,39,000/- being above BEL)........ triggers tax audit u/s. 44AB.......

Intraday turnover (see note) upto 10 lakhs transaction cannot be treated as occassional trade or investment. so either choose audit or pay tax over 6% profit margin i.e profit of 60000/- & (at 10% slab rate for AY 2017-18) just additional 6K tax......

(Note: For all speculative transactions, aggregate or absolute sum of both positive and negative differences from trades is to be considered as a turnover.)

Thank You Sir, What form should i use 3 or 4

ITR 3 for AY 2017-18.

Sir Please check the bellow details