Dear All,
Please educate to me I have invested Rs. 1 Lacs in stock Market through delivery. but I did one intraday Transcation Small amount Purchase Rs.540/-Sale Rs.480/- loss Rs.40/- so can I show all transactions include intraday in ITR2. we don't have any business income.income source only interest from. FD and Salary. so please suggest accordingly.
9 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 26 February 2024
It is not suggestable but you can show it under STCG.
Veena Bansal
(Accountant)
(65 Points)
Replied 26 February 2024
Dear mem, it's single entry Transcation. can we face any query noitce from income tax department if we can show in ITR2.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 26 February 2024
No notice will be issued
sabyasachi mukherjee
(27574 Points)
Replied 27 February 2024
Small transaction within 1 lac is not taxable if it is long term
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 27 February 2024
Sabyasachi mukherjee query is already resolved.
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