I am a salaried employee & having income of 8 lacs. Recently started trading with zerodha in delivery based equity. I was having a share in delivery and sold it with profit margin and then again bought the same company share on the same day then it counted as intraday, being a newbiee I was unaware.
Salaried Income : Rs. 8 Lacs for which I am paying taxes
Intraday Turnover : Rs. 80
Intraday Profit : Rs. 80
Delivery Based Short Term Profit : Rs 2500
Delivery Based Sell Value Turn Over: Rs. 15000
I have following queries
- Do I need for Tax Audit ?
- As I am ready to pay STCG, then intraday trading may also be considered in stcg for paying tax as amount is very less
- Which ITR form will be required ITR-2 or ITR-3
- Can I set off the intraday profit with another scrip of intraday loss and by that not required to mention this intraday profit as a business income ??
Please help me