Trading share account

This query is : Resolved

kailash garg (Querist)
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25 October 2017 DEAR SIR,

I HAVE OPEN MY SHARE TRADING ACCOUNT WITH IIFL AND NOW HOW CAN I SHOW THIS IN MY INCOME TAX
MY HRA ASKING ME TO GIVE DETAIL OF ALL INEVTMENT SO THAT AS PER THIS THEY CUT TAX FROM MY SALARY
HOW WE GET LOSS AND PROFIT OF THIS ACCOUNTS AND HOW WE SHOW IN ITR

K GARG

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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25 October 2017 No need to show the Demat account in details in your ITR or Form 16 declaration

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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25 October 2017 No tax will be deducted on the basis of Investment details in Demat account. Taxability arises only when you sell the investments

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kailash garg

kailash garg (Querist)
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26 October 2017 but i am daily basis purcahse and sell the share so at the end of march 31.03.2017 how to calculate profit or loss

then we had to show profit or loss in ITR or not
pl confirm

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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27 October 2017 Yes, in that case it is a business income of speculative nature

kailash garg

kailash garg (Querist)
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21 November 2017 Dear sir,
on July-2017 month I had started purchasing share in my demat account and total i had deposit RS 20000.
And I am doing daily buying and selling intra day and on delivery basis and now my Total current value of share is Rs 20000 and balance Amount Rs.5000 that means I had Earn 5000 .
So, That Amount I have to show in my ITR as income from other sources or not.
If yes then similarly I will Calculated upto 31.03.2017 and show in my ITR or any other option for this calculation please advice...

I am salariered person and taken loan from my brother and paying interest on that loan.and i have some income of interest in my investment.

please suggest.

KG