Intraday Trading Gains treatment as STCG or Business

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2 Points Posted on 05 March 2023

Hello,  Please guide if  the profit made in Intraday Trading needs to be shown as STCGain or as separate Business Income in my ITR.3.    Also if interest paid under Margin Trading Fund to the service provider, can be adjusted with such Intraday Trading profit.  Thanks n regards

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On 05 March 2023 at 10:16 Report
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Quick Summary
This discussion clarifies the tax treatment of intraday trading profits. It confirms that profits from intraday trading are generally considered speculative business income, not short-term capital gains (STCG). Furthermore, it addresses whether interest paid on margin trading facilities can be offset against these trading profits, confirming its deductibility.

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SEO Sai Gr. Hosp.
212506 Points Posted on 05 March 2023

1. Intraday trading comes under speculative business income.

2. Yes, claimable.

 

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On 05 March 2023 at 12:05
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Profession
28267 Points Posted on 06 March 2023
It can be claimed
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On 06 March 2023 at 10:22

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