Treatment of Intraday profit and loss for capital gains

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Daya (Querist)
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30 June 2023 what will be the treatment of intraday profit /loss on sale of shares.
what will be effects in capital gain.

Dhirajlal Rambhia (Expert)
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30 June 2023 The profits or loss of intraday trading are assessed under head PGBP. No effect in capital gains.

Daya (Querist)
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13 October 2023 what will be the applicable tax rate to calculate income tax rate.

Dhirajlal Rambhia (Expert)
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01 May 2024 Tax liability will arise as per slab rate.

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