If i buy today and i sell after 15 days, then another scrip buy and sell after 15 days…and continue doing this kind of trade for year. after one year i made profit of 1 lac… and i don`t have any other income or job…
and i dont to intraday…now is it still require to file ITR. And what if i dont file ITR because i am not intraday trader, and my overall income is less than 2 lacs…
Your tax liability will be Nil if your income is below Rs.2 lacs. And STCG can be adjusted to this exemption limit.
It is not mandatory to file your returns if your income is below the exempt income. Advisable to have it as a practice as it would be required for things like applying for a house loan or visa etc.
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