intraday trading, ITR4, Income Tax

[Sachin G]

I being new to the whole concept of stock market, did intra-day trading for 2 days with petty sums. My profits and losses are in 2 digits. Does it make me a trader and warrants me to file ITR-4 even if I dont do any trading in the remaining part of the financial year. I am a salaried individual and belong to 30% tax bracket.

Does it have any other implication on my other long term stock holdings?

Posts / Replies

[Ganeshan Kalyani]

In my view it is your other source of income which is one of the heads of taxable income under income tax act.