Profit from intraday share trading in futures and options

This query is : Resolved 

29 May 2022 We have profit from share trading? Will this profit be treated as business income? What expenses are allowed in share trading profit in Income tax?

29 May 2022 Share trading profit may be in nature of business or capital gain or speculation, it depends on nature of transaction, purchase and sales details.

29 May 2022 Put and call options trading in bank nifty. What is the income nature?


29 May 2022 Same is in nature of Business Income

29 May 2022 Can wr claim salary to staff from shares income? please clarify?

29 May 2022 Will shares purchase and sale be clubbed with my iron and steel purchase and sales?

29 May 2022 No you cant deduct salary from share income and shares profit and business profit to be shown separately,
Also you have to declare 6% or 8% profit on turnover from shares sales

29 May 2022 Will shares purchase and sale be clubbed with my iron and steel purchase and sales?


29 May 2022 We have gst no for steel business. Share business is done in mumy personal name.. Do we need gst nofor share trading?

29 May 2022 No GST number required for share trading,

29 May 2022 It is better if share trading and iron steel business will be kept separate

29 May 2022 Iron and steel business is under gst proprietorship firm and shares trading done under personal proprietor name. Will income from steel business and shares business be clubbed together?


29 May 2022 Please suggest how to show steel income and shares income.

29 May 2022 Yes same is clubbed.................

29 May 2022 In Balance sheet how will I show?


29 May 2022 Same is shown in p & L

29 May 2022 Will i able to claim gst charged on share bills?

25 June 2022 We have no profit of 6 % on sale of shares.

09 July 2022 ITC over shares traded not available.



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