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Quiry about filing of intratrading return

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lavanya lahari

17 Points Posted on 25 March 2020

sir i have a doubt.
how to file return for trading
actually my relative has almost 1.2cr sale value and buy value and he had loss around 72 thousands in equity.
and he has more than 5lakhs sale value and buy value and he had around 20 thousanda profit in future options.
sir how to show in itr and how to file. i need to maintain books of accounts na. how to show sir

Replies (3)

Quick Summary

This discussion addresses how to file tax returns for trading activities, specifically for intraday equity trading and futures & options. The advice clarifies that intraday equity trades are treated as speculative business income, while futures and options fall under normal business income. Equity delivery trading is considered capital gains. It's important to correctly categorise these transactions on your Income Tax Return (ITR) to accurately report profits and losses.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 25 March 2020

Equity intraday will be under speculative business income..

Futures and options will be under normal business income

Equity delivery trading will be under capital gains..

But depends on the other factors as well.

If you are completely in share market then entire transactions should be considered under business income