I am day trader
i. purchase & sale shares daily some share sold interday.
ii some shares sold after few days
iii. purchase future & option also
in which head I show my income
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Profit show in which Head
Replies (5)
Quick Summary
Under Business & profession
Confirm with others also .
Confirm with others also .
Prasad
itr form 3
and if the business turnover exceeds Rs.1.5 cr. then Audit is compulsory ..
profit obviously to be shown under Profits and gains from business and profession.
itr form 3
and if the business turnover exceeds Rs.1.5 cr. then Audit is compulsory ..
profit obviously to be shown under Profits and gains from business and profession.
Show in all three categories
Yes, you have show this income under head " Profit and Gain From Business and Profession " as business Income..
@ Mukerjee I have suggested the same Business and profession .
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