Intraday trading activities for a female

Hello,

I am a female of 23 year old.i am a housewife who does intraday trading on a regular basis.i have a few queries

1. Is this income  treated as a regular income?? If yes am I exempted 2.5 lakhs?

2. Is this business income? Then can I decrease the tax by adding other charges like internet, phone, advisory charges etc.

3. What about short term trading? Am I suppose to pay a straight charge of 15 percent on that?

It would be real help if anyone can provide some examples n teach me since I am a science student.

Thank u so much.

Replies (2)

IMHO this should be treated as Speculative business income and ITR4 should be used. Others experts please help.

1) It does not come under normal income if it is traded on a recognised stock exchange and will taxed under 111A.

2) If the shares or securities is not traded on any stock exchange then it will be clubed under normal salary/Biz income

3) Seperate special tax of 15% is apllicable and you can carry forward loss also. 

Plz download from following Link . this 20 page PDf tutorial contains plenty of Illustrations and will guide you - how to calculate Tax for short term capital gains 

https://www.incometaxindia.gov.in/tutorials/14-%20stcg.pdf

I hope this helps

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
13 November 2026
Chartered Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 14 November 2026
Article Assistant

Jitendra Agarwal & Associates

Bengaluru

CA Inter

View Details
Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details