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Loss on day trading

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24 July 2014 How to treat loss on day trading o shares & commodities?
Can that be taken as short term capital loss?
And what will be the sale consideration & cost of acquisition?

24 July 2014 then its speculative business under income tax act.

24 July 2014 When is such dealing shown under capital gain?


24 July 2014 when you are sellign an investment which is a capital asset as per income tax act...if u are buying n selling intra day then its a speculative business.

26 July 2014 only when you take delivery it can be classified as capital gains.

total turnover shall be computed as intra day gains plus (intraday losses)*(-1)



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