Speculation loss from intra day trading - winman

Dear Sir / Madam,

I wish to know how to show speculation loss from shares intra-day trading activity in ITR form in WINMAN software.

Mr. A has professional income of Rs. 7 lakhs and expenses Rs. 2.10 lakhs therefore net income Rs. 4.90 lakhs. Net speculation sale Rs. 100000/- Net speculation purchase 100320/- thereby net resulting speculation loss from shares is Rs. 320/- 

So please guide me how to show these figures in WINMAN software. If I put income from speculation business as Rs. -320/- and after filling up other data it shows you are liable for tax audit. Is tax audit applicable in case of Shares speculation business loss??

Please guide me.

Regards,

Suraj

Replies (1)

Yes, its correct. You can avoid audit by declaring Rs. 6000/- profits from the intraday activity.

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