Intraday income

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IF I EARN 1000 PER DAY INCLUDING COMMISSION AND TAX, AFTER DEDUCTING THE EXPENSES BALANCE X 20 DAYS APPROX DO BUSINESS MEANS 1000-300=700 X26X12 =218600 ,

CAN I ADD DIRECTLY MY AS OTHER SOUCE INCOME OR NEED TO CALCULATE FOR THIS 218600 X 20%?

THEN THE OTHER INCOME (salary 350000/-) calculate separate?

Replies (4)
Intraday income should be accounted under the head Capital gains not under other income

Intraday trading is speculative business, as such assessed under head PGBP.

Intraday income will be charged to tax under the head speculative business and not under capital gains
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