1. Intraday or positional trading in F&O : Business income / loss
2. Intraday trading in equities : Speculative Income / Loss
3. Delivery based trading in equities : Short term (If holding is less than 12 months)
4. Delivery based trading in equities : Long term (If holding is more than 12 months)
If the volume is less, one can just maintain record in excel sheet alongwith contract/bills/ledgers from the broker.
2. Intraday trading in equities : Speculative Income / Loss
3. Delivery based trading in equities : Short term (If holding is less than 12 months)
4. Delivery based trading in equities : Long term (If holding is more than 12 months)
If the volume is less, one can just maintain record in excel sheet alongwith contract/bills/ledgers from the broker.
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