In case of intraday trading (not opt for presumptive taxation), What is
1. Gross receipt
2. gross profit
while we filing Income tax return (no account case)
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more.
know more Â»
profilt from intra day trading is of speculative nature. Net profit= Gross profit- other expenses.
show net profit in ITR
Your are not logged in . Please login to post replies
Click here to Login / Register
view more »
Set Content Preference
Our Network Sites
Download CAclubindia App
Alternatively, you can log in using:
Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.