Income Tax > Income from Trading

Intraday trading, a common practice in the stock market, involves buying and selling stocks within the same trading day.

Given the popularity of F&O trading and its classification as derivatives, traders engaging in such activities are required to file income tax returns to report their income or losses from these trades.

it’s imperative to fulfill tax obligations by filing Income Tax Returns (ITR) and settling taxes on such earnings. Equity share trading typically manifests in two primary forms: Equity Delivery Trading and Equity Intraday Trading.

Loss remaining after set-off refers to the portion of the loss that taxpayers can carry forward to future years to offset against future incomes.