Intraday trading



In case of intraday trading (not opt for presumptive taxation), What is

1. Gross receipt

2. gross profit

3.exp

while we filing Income tax return (no account case)

 
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ca.umesh11@gmail.com

profilt from intra day trading is of speculative nature.  Net profit=  Gross profit- other expenses.

show net profit in ITR

 
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Article Trainee.

how to find out Turnover, Gross profit, expenses.. plz elaborate with an example.
 
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Finance Manager

Just like an investor who buys stocks with the intention to invest, the process of intraday trading mainly comprises of buying and selling their holdings within the same trading day. One of the main objectives of the trading is to make profits by taking the advantage of the stock market movements. The level of profits will depend on the extent of fluctuations in stock prices which a trader holds in their portfolio. For carrying out trading practices, a trader will need to have an active online trading account. This process of trading involves the buy/sell orders which are specified by a person who is involved in trading.

After an investor has got the understanding of how intraday trading is done, they can use the online trading account for the purpose of intraday trading. Intraday trading deals with buying and selling stocks on the same day, during the trading hours which are stipulated by the exchange. Stocks are sold and bought in large numbers strategically with the intention of booking profits in a day. It is important to understand intraday trading, and its fundamentals in order to make consistent profits. Following current market trends is beneficial for making profits.

 
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