Small intraday trading..whether ITR 2 can be used?

• Intraday income = speculative business → ITR-3 (technically correct)

• ₹50 profit is too small to materially impact compliance

• Interest u/s 234B/234C is NOT because of intraday trade

• Senior citizen exemption may technically get affected, but impact is negligible in this case

Turnover how much?????

Since it's a single trade, the turnover is Rs. 50/- only

Intraday trading income is always classified as speculative business income under the Income Tax Act, regardless of the amount or frequency. This means ITR-3 is required -- not ITR-2. The good news is that intraday losses can be set off against other speculative income in the same year and carried forward for 4 years. If you are salaried and have only occasional intraday trades, a CA can help you file ITR-3 correctly while also claiming your salary income and deductions.

@ Tax Garden, Plz do not do your hard sale. Answer what the poor fellow is worried about, if interested.

@ Aashok FC Advisory has aleeady provided proper advice to @ Rajiv Gupta