Rashmi Jha, Galgotias University
ABSTRACT
Indian trading is quite ill-bred not in nowadays but for many years. This misconduct has been increasing year by year. Insider trading in India is regulated by SEBI i.e. Securities Exchange Board of India Act, 1992. As per SEBI, it analyse and investigated about 70 companies in 2019, where accused of insider trading was existed. Since the start of the Covid-19 pandemic, many people have turned to direct stock trading. Some of the brokerage have seen an increase in the number of new Demat accounts since February this year. If you are one of those who traded stocks during the 2020 tax year and are planning to file tax returns for the year, you should be aware of how stock trading income is taxed. Also, let's understand where to report them on the Income Tax Return (ITR) and which ITR form to submit.There is hardly any income that can not be taxed, so you are surely aware that there is an income tax on intraday trading gains in India. This tax on intraday is different from the normal equity tax in the form of off- set and set-off. We will look at this topic from the perspective of income tax on intraday trading profit 2022. Broadly, you must understand that income tax or intraday trading tax in India is charged in the form of speculative transactions and that has a separate set of implications. The intraday income we here are the income that is usually traded in same day.
