@Quicko Iam a retired senior citizen with only FD interest income (above â‚ą2.5 lakhs)
For FY2020-21 (started stock speculation only from April 2020.all these years self filed ITR-1)
Now I have substantial intraday equity trades+ delivery all Shortterm equity trades. STCG loss +Intraday gain = net net loss + expenses (part rent+ internet expenses)
also I have lots of currency& commodity future trades (with 2 brokers)
I have to file ITR-3 speculation as a business.
I have not maintained any book of accounts. but have to do tax audit as I have no combined profits .
1)what is the code in it website for retail trade (only financicial speculation?
2) how to calculate STT paid for intraday equity trades? (zerodha deducts lumpsum STT for all intraday MIS +CNC BTSTsell + STCG CNC sell trades
In case of Intraday trades, you have to mention total expenses only for Speculative Trades. STT paid on Equity can be claimed against Intraday Gains because STT cannot be claimed against STCG/LTCG.