I have salary income and intra day trading gain
Is Intrady trading gain treated as Short Term Capital Gain (STCG) or business income ?
Which ITR form should be used for this return ?
I have salary income and intra day trading gain
Is Intrady trading gain treated as Short Term Capital Gain (STCG) or business income ?
Which ITR form should be used for this return ?
SEE BROTHER PROFIT/LOSS FROM INTRADAY TRADING IS CONSIDERED AS SPECULATIVE PROFIT/LOSS.
SO EVEN SALARIED EMPLOYEE ARE ALSO REQUIRED TO FILE ITR-4.
Cann't this be shown in ITR-2 as income from other sources
OR STCG other than 111 exempt ?
AS PER MY KNOWLEDGE IF SOME ONE TRADES WITHOUT DELIVARY IS CALLED SPECULATION AND SO IT WILL BE COMPULSORY TO FILE ITR-4
Ok. I was also not aware of this. So, if someone has Salary income, Intraday Loss/Gain and Short Term Loss/Gain which form should be used? There is no section for Short Term Loss/Gain in ITR4?
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Intraday Trading Gain Should be Shown as Business Income ( Higher of Actual Gain or 6% of Turnover here turnover will Aggregate of Gain/loss ignoring negative sign).
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