Sign Up

Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.

Have an account? Sign In
Continue with Google
or use

Have an account? Sign In Now

Sign In

Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.

Sign Up Here
Continue with Google
or use

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

Sorry, you do not have permission to ask a question, You must login to ask a question.

Continue with Google
or use

Forgot Password?

Need An Account, Sign Up Here

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Sign InSign Up

Answerclub

Answerclub Logo Answerclub Logo

Answerclub Navigation

  • Home
  • About Us
  • Contact Us
Search
Ask A Question

Mobile menu

Close
Ask A Question
  • Home
  • About Us
  • Contact Us

Welcome to Answerclub.org

Questions | Answers | Discussions | Knowledge sharing | Communities & more.

Ask A Question
Home/ Questions/Q 29898
Next
In Process

Answerclub Latest Questions

Kavya T
  • 0
  • 0
Kavya TKnowledge Contributor
Asked: April 19, 20242024-04-19T19:55:31+05:30 2024-04-19T19:55:31+05:30In: Finance

What are the tax implications on the profits earned from intraday trading?

  • 0
  • 0
What are the tax implications on the profits earned from intraday trading?
1
  • 1 1 Answer
  • 53 Views
  • 0 Followers
  • 0
Answer
  • Report

1 Answer

  • Voted
  • Oldest
  • Recent
  • Random
  1. Kavya T
    Kavya T Knowledge Contributor
    2024-04-19T19:56:23+05:30Added an answer on April 19, 2024 at 7:56 pm

    The profits earned from intraday trading are deemed speculative business income. Therefore, intraday trading profit is taxable under the income head of ‘Profits and Gains from Business and Profession’. Had you taken delivery of the securities, the Capital Gains Tax would have been levied, but in intraday trading there is no ownership and all positions are squared off.

    For filing the returns for taxation on intraday trading, you will need to fill the form ITR-3; based on the tax regime that you choose (old vs new) and the tax slab you fall under in the regime opted for. Based on your earnings, if it is estimated that your payable tax (for the financial year) is above Rs.10,000, then you will be required to pay advance tax on the dates specified by the Income Tax Department which is usually the middle of the last month of each quarter of the year.

      • 0
    • Share
      Share
      • Share on Facebook
      • Share on Twitter
      • Share on LinkedIn
      • Share on WhatsApp
      • Report

You must login to add an answer.

Continue with Google
or use

Forgot Password?

Need An Account, Sign Up Here

Sidebar

Ask A Question

Stats

  • Questions 58,498
  • Answers 52,663
  • Popular
  • Answers
  • Mr.Doge

    What are the best AI tools available for Creative Designing?

    • 50 Answers
  • Mr.Doge

    How is tax calculated in India for investing in US ...

    • 41 Answers
  • Mr.Doge

    How to invest in NCD/ Corporate Bonds in India? Is ...

    • 35 Answers
  • dmktg42 singhal
    dmktg42 singhal added an answer Installing weed barrier fabric from Home Depot or Lowes correctly… February 10, 2026 at 6:39 pm
  • Pavi Ganesh
    Pavi Ganesh added an answer Because the film itself is only half the story—the environment… February 10, 2026 at 6:33 pm
  • dmktg42 singhal
    dmktg42 singhal added an answer Choosing the best fabric weed barrier at Home Depot or… February 10, 2026 at 6:33 pm

Related Questions

  • What is the Saima Shield payment plan and how can ...

    • 0 Answers
  • Why are so many small business owners turning to small ...

    • 0 Answers
  • Succession Planning Services In Burlington

    • 1 Answer
  • Wealth management in California

    • 1 Answer
  • Accounting Firm in Toronto

    • 1 Answer

Trending Tags

ai (241) biology (376) branch of study (241) business (238) cricket (262) digital marketing (180) education (1095) english (343) environment (179) fashion (171) finance (172) food (300) general knowledge. (1051) general science (258) geography (269) gk (776) health (395) history (798) lifestyle (208) phobia (166) pilates (215) pilates fitness (187) pilates workout (175) poll (261) psychology (229) question (7765) science (352) sports (334) technology (363) travel (363)

Explore

  • Home
  • Groups
  • Add group
  • Catagories
  • Questions
    • New Questions
    • Most Answered
  • Polls
  • Tags
  • Badges

© 2024 Answerclub.org | All Rights Reserved
Designed & Developed by INFINITEBOX & TechTrends