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  2. Jul 10, 2024 · ITR Form for intraday trading: Since intraday trading is a business income, you must file ITR-3 and prepare financial statements. Explore which ITR to file. ITR due date for intraday trading income: 31st July - if Tax Audit is not applicable; 31st October - if Tax Audit is applicable; Whether Tax Audit Is Applicable For Intraday Trading?

  3. Jul 6, 2024 · Filing Income Tax Returns (ITR) can be challenging, especially for stock market traders involved in different segments such as Futures & Options (F&O), intraday trading, and delivery-based trading. So here’s a step-by-step guide if you want to file the ITR yourself.

    • Do intraday traders have to file income tax return?1
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  4. Dec 28, 2021 · A salaried person engaged in F&O or intraday trading shall use ITR 3 to file the return. 2. ITR-3 is viewed as the most complicated ITR form for taxpayers, especially for a layman. In this article, an attempt has been made to simplify the filing of ITR 3 with the help of Illustrations and relevant provisions. 3.

    • Do intraday traders have to file income tax return?1
    • Do intraday traders have to file income tax return?2
    • Do intraday traders have to file income tax return?3
    • Do intraday traders have to file income tax return?4
    • Do intraday traders have to file income tax return?5
  5. Jan 31, 2024 · Traders having income from intraday trading can opt for the new tax regime under Section 115BAC of the Income Tax Act. If the intraday trader opts for the new tax regime, here are the important points to note:

  6. 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.

  7. Jul 10, 2019 · Understand the income tax implications of intraday trading. Learn about tax audit requirements based on trading turnover and how it affects your taxes.

  8. Feb 3, 2024 · Since intraday and F&O transactions are 100% digital in nature, the turnover limit for a tax audit is10 crores for traders. How to file taxes as a trader? Filing taxes is a crucial step for traders, and if you fail to file your ITR before the due date, you won’t be able to carry forward losses.