Income tax when intraday trading on options

Net income after deduction of brokerage, ST & other charges would be taxed as Income from Speculation

But Rachit Sir, A transaction entered in Option Future market is not considered as speculative transaction as per proviso to section 43(5).....??.. Correct me if i am wrong...

You mean to say,  Only 900 will be applicable for incometax and other total transaction 21000 no metter how this is?

## Sagar , Don't understand what you says, Can you elaborate this.

Thanks

Rakesh Kumar