#trading

Could I offset my trading loss with the profits I earned on my long-term stocks and mutual funds holdings? What are the set-off rules for trading loss? Let’s first understand how income from different transactions is classified. F&O trading is classified as a non-speculative business, while intraday trading is treated as a speculative business. Further, […]

While reporting my trading income in the ITR-3 form, should I report the trading turnover scrip-wise or trade-wise? Trading turnover can be calculated in two ways, either trade-wise or scrip-wise. To understand the difference, let us take an example: you make the following trades for companies A and B. Company A Trade 1: Profit of […]

I understand that I must file an ITR 3 income tax return as I have trading income. However, while filing the form, I must choose whether I am eligible to maintain accounts and whether I am obligated to get an audit done. How do I know if this applies to me? You are liable to […]

I have a salary income. I incurred capital gains because I sold some mutual fund units in FY 23-24. I trade once in a while (not a regular trader). I have neither gains nor losses from my trading activity. What ITR form should I use? Individuals with salary and capital gains income are required to […]

Did you know that a hormone in the human body dictates almost every decision we make in our lives, especially our investing and trading decisions? It’s called dopamine.  Dopamine influences financial decisions by enhancing the perceived value of potential rewards, motivating individuals to take risks for higher gains. It also reinforces past successful financial behaviors, […]