Gross receipts in case of intra day trading of shares
SSG (1936 Points)
26 June 2016
What should be the gross receipts in case of intra day trading of shares? Please advise.
3 Replies
SSG
(1936 Points)
Replied 26 June 2016
Since there is no delivery of stocks, I am taking it as speculative business. The value of total stocks sold during 2015-16 is more than Rs. 2 crores.
Harshit Kabra (INVESTOR)
(Student CA final)
(1113 Points)
Replied 26 June 2016
it can be taking of speculative business gain, further u can take monthly or quarterly or annually receipt of income from ur broker, in order to know ur profit.
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