Share trading income

if client had done trading in share market? so have i to maintain that entry in books of account ? or else... directly have i to show those transaction in ITR ? if yes than under which head have i to show the share trading income ? have i to bifurcate less one year transaction or more than one year transaction for short term capital gain?
Replies (5)

1. You should properly maintain records of all the transaction to arrive at any profits or gains, so that in case of further enquiry it may be easy to respond.

2.  Capital gains over equities transacted through recognised exchanges, having less than 12 months holding period are treated as short term.

3. Capital gains can be declared under ITR 2 or ITR 3 as per other incomes.

Dear Sir,

How to show Speculation transaction like trading in commodity in ITR Return.

Do we need to take only aggregate of profit and loss as turnover.

Kindly guide me on computation of capital gains in case of trading in commodity market.

@ Gada: Pls. refer: 1. /forum/turnover-calculation-in-intraday-for-income-tax-274140.asp

2. https://tax guru.in/income-tax/how-to-compute-turnover-in-case-of-future-and-options-trades-speculation-trades-and-applicability-of-tax-audit-us-44ab-of-the-income-tax-act-1961.H T M L

3. https://orange.taxsutra.com/articles/639670b576d2dae02d4db2f87da8e3/expert_article

Thank You Sir.

 

Welcome, dear.

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