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Profit show in which Head

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8 Points Posted on 28 August 2020
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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On 28 August 2020 at 07:34 Report
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3924 Points Posted on 28 August 2020
Under Business & profession
Confirm with others also .
5 Reply
On 28 August 2020 at 07:40
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Profession Business
28207 Points Posted on 28 August 2020
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.
44 Reply
On 28 August 2020 at 07:59
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8 Points Posted on 28 August 2020
Show in all three categories
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On 28 August 2020 at 08:16
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Tax and Business Consultant
11616 Points Posted on 28 August 2020
Yes, you have show this income under head " Profit and Gain From Business and Profession " as business Income..
66 Reply
On 28 August 2020 at 08:16
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3924 Points Posted on 28 August 2020
@ Mukerjee I have suggested the same Business and profession .
5 Reply
On 28 August 2020 at 08:17


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