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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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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