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    • Speculative business income

      • Income Head: Profits and Gains from Business and Profession. Your income from intra-day trading will be considered as speculative business income. It is considered speculative because you are trading without intending to take the delivery (ownership) of the contract.
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  2. Jul 10, 2024 · Income Tax Rules On Intraday Trading – Income Head, ITR Form And Due Date. Income Head: Profits and Gains from Business and Profession. Your income from intra-day trading will be considered as speculative business income. It is considered speculative because you are trading without intending to take the delivery (ownership) of the contract.

  3. Dec 28, 2021 · Intraday equity transactions are speculative in nature and hence income gained from intraday stock trading is regarded as speculative business income. Intraday trading is done through a Demat account of the trader.

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  4. May 20, 2024 · Gains earned from intraday trading are treated as business income. It is added to your salary and taxed according to the income tax slab you fall in. So if you’re wondering that intraday trading taxable under which head, the answer is business income. Gains earned from long term investing are treated differently.

  5. Jul 10, 2019 · Learn how to calculate income tax on intraday trading of stocks and F&O contracts. Find out the income head, ITR form, due date, and carry forward of loss for intraday trading.

  6. Jan 31, 2024 · Income from equity intraday trading is a speculative business income and should be reported under the head "Income from other sources". Learn about the tax rates, ITR forms, due dates, and other aspects of trading income.

  7. Feb 13, 2021 · This is the income from which you pay tax on intraday trading profits in India. For instance, if you made Rs 1,00,000 from intraday equity trading, Rs 50,000 from intraday F&O trades and. Rs 10,00,000 from your salary, then your total income liability is Rs 11,50,000.

  8. Aug 1, 2020 · Therefore, income from intraday trading is either speculation gain or loss, which comes under the head of business income. It is added to the other incomes such as salary and taxed as...