Intraday gain/loss on buy/sale of shares
Subbiah Mathurappan (139 Points)
27 April 2020Subbiah Mathurappan (139 Points)
27 April 2020
PRAVIN AGRAWAL
(PROPRIETOR)
(76 Points)
Replied 27 April 2020
Dear sir,
Intraday trading is without any delivery which means it's a speculation income. It has to be taxed under the head business and profession.
Tax will be payable based on the threshold limit for individual.
If you are satisfied, kindly drop email to capravin87 @ gmail.com
Kiran Hathalia
(837 Points)
Replied 28 April 2020
Akash Gupta
(135 Points)
Replied 09 May 2020
Subbiah Mathurappan
(139 Points)
Replied 09 May 2020
Thanks for your reply. It seems the reply is incomplete. If you give in detail I will be able to understand. Moreover, I would like to mention that I had incurred a loss of a ₹6000 only in the last fin.yr. In that cade, is it necessary to audit my account. Expecting your reply with thanks.
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