Share trading - returns to be filed as individual or as business ?

If you are intraday trader, your activity in itself is a business. Whether you accept it or not, your profits are treated as income from business (or 'PGBP') ..

Now based on your trading account name or statements, you can file ITR4 if you declare minimum 6% profits of your net turnover (positive of differencial of each trade), provided it doesn't exceed 2 Crs.

Otherwise you will have to file ITR3........ Audits may not be applicable (to be checked)