Itr filing required or not?

your income, before giving deduction for the year, is below taxable limit, then it is not mandatory to file return as per income tax act

Thanks Dinesh for your quick reply.

So here income means profit+loss correct or only profit?

Thanks Tanush sir, but my main confusion is whether only profit is counted as income or profit-loss will be counted as income?

Net short term capital gain is considered. Which is profits less losses.

Profit + Loss are consiered in case of Speculative Transaction. In Speculative Transaction We have to consider Profit + loss figure. And if it is below 2.5 lakh then there is no need to File Income tax return.

You have to file ITR before Due date otherwise you cant claim loses 

If equity shares are sold within 12 months from the date of purchase, then the short term capital gain tax of 15% is applicable irrespective of the personal tax slab (10%, 20% etc). If investor’s other income excluding short-term capital gain is less than basic exemption limit then he can take benefit of such shortfall in basic exemption limit. Any short-term capital loss from equity trading can be set off against  any short-term capital gains. The important points to note here is that long-term capital gain arising on shares sold directly to a friend without routing it through Indian stock exchange are not exempted from tax as STT is not paid on such shares.

It is not mandatory to file returns but it is advisable to file income tax returns.

Thank you everyone for your quick and kind reply.

In your case ITR-3 is to be filed,  it is must in your case even if total income is less than 2.5 L.

Thank you Rajesh sir.

net profit will be counted that is STCG - STCL 

AND PLEASE FILE ITR AS IT WILL BE VERY BENEFICIAL FOR YOUR FUTURE

Thanks Ayush.