Speculation Business ?
When your nature of share transaction is with the profit motive, then all your transactions will be treated as “Trading”. That is business income. 1. Actually buying and selling on the same day will be treated as Speculation. But you can show it as business income. 2. F & O are trading 3. Taking delivery in your case will be treated as Trading. If you buy and sell once in a way and if your turnover is very less, then you can show it as short term capital gains. In my opinion, this is nothing but Trading income in your case. If your investment in this activity is not much and if your turnover is not very high and your income is not much then you can just forget it. I know many persons in my town trading like you. They never bother about filing returns for their shares activity. If you want to include this shares trading activity in your Income Tax returns, then you need to consult a Income tax consultant as you have to file ITR-4 return which is about 20 pages.
