STCG Income as Business Income ?

545 views 2 replies

Dear CAClub members,

Assumption -

1) An Individual who is full time investor/trader, no other primary source of Income and No Salary Income also

2) He want to file ITR 3

3) STCG Income (FY 24-25) - 12 Lakh (Total) and Tax payable 20% i.e, 2.4 Lakh (if he declares under gains)

4) LTCG - earned 2 Lakh and after exemption on 75 K he need to pay 12.5% i.e,  9,375/- 

Clarification needed -

Can this Individual show STCG under Business Income, file ITR 3 and pay tax as per slab rate ? 

 

Thanks in Advance

Subramanya

Replies (2)

you have to take a long term call on this. if his gains increase next year, the taxation under business income might end up being higher. plus, if you declare this under business income, you also need to account for the accounting as well as audit cost, where applicable.

Thank you Nikhilji,

Let me explore and take a decision

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details