Regarding speculation busines

my friends investing in equity shares
in more than 10 company,
some shares sold with in oneday and some shares sold after one day
he have profit of 20k in stcg ( more than 2 day) loss in speculation business ( intra day sale)

now this income is comes under which head, business or cg
Replies (6)
Quick Summary
This discussion clarifies the tax treatment of profits and losses from share trading. Intraday trading, where shares are bought and sold within the same day, is considered a speculative business and losses can offset other business income. Profits from shares held for more than a day are treated as short-term capital gains, taxed at a flat rate. It's also noted that significant losses in speculative business may necessitate an audit.

Intraday business is speculative business.

Shares trading with delivery in & out within few days is non speculative business.

Loss/Profit from intra day trading is treated as speculative business profit/loss (Taxable as per slab rate). Profit from shares sold after one day is short term capital gain and taxable @ 15%

Agree with above comment
Tq u soo much sir
If thereis loss in intraday business then audit will be compulsory
Your welcome

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
29 July 2026
ACCOUNTANT

ONESTEP GST SOLUTION

New Delhi

B.Com

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Follow