▲ 2 r/IndiaTax
Doubt regarding IT on equity trading STCG or business?
Hi! I want to know if I did equity trading where i held equity shares for a week to 10 days maximum and I booked profit, my trading is frequent like 5-6 trades each week for an year; Then the profit earned would be taxed under Short Term Captial Gains or Business Income? Which ITR would I fill?
kindly guide as this will be my first time filling an ITR and I have no source of income apart from equity trading. Income generated is 16L.
u/PapitaSeth — 14 hours ago