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Asked by Pankaj on :Jun. 19, 2018

I have a income from intra-day trading? Is it tax…

I have a income from intra-day trading? Is it taxable under capital gain or business income?

I have a income from intra-day trading? Is it taxable under capital gain or business income?

0

Jeeba Jun. 19, 2018

Indra-day trading is considered as speculative business and income from intra-day transaction is considered as income from speculative business and chargeable as business income.

Further, any losses on speculation business are to be set off only against profit of any other speculative business.

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