Please suggest relevant heads of income

This query is : Resolved

Rohan Jain (Querist)
Follow

12 April 2016 I did 4 transactions in a year. which heads will these be shown in????????? 1)trading in f&o -loss45000 2)intraday in shares -profit5000 3)sold shares(long term holding) to settle loss of f&o -40000 4)sale of shares(long term holding)- 60000.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

12 April 2016 F&O Loss and Intra-day share profit has to be shown under the head PGBP (Business Income).
.
Set off of Rs 40000/- will not be allowed against 3 if STT is payable on 3.
.
3& 4 are to be shown under the head Capital Gains and to be shown as exempt if STT is paid.