Intraday trading

ITR 337 views 2 replies

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)

Replies (2)

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

show net profit in ITR

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


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