I am a student and pursuing mba, hence not working. I have a trading account and do day trading on a daily basis. So do I have to file tax returns on my trading? Thanks
1 Replies
Vikas
(CA)
(1135 Points)
Replied 29 November 2011
intra day trading is considered as speculation business...so it will b added to total income....
if your net total income does not exceed the basic exemption limit of Rs.180000 then no need to file your retuns...
Recent Topics
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
Related Threads
CAclubindia
