Taxation Query---Please help

#1
Hi All,

Profile --- Salaried + Day Trading + Cash Trading (No F&O)

Scenario --- I am a salaried employee and do intra day trading as well as CAsh trading. I have filled ITR-1 form as i was not aware that i have to fill trading income in ITR too.

Query ---

1) Which ITR form i would have to fill in my scenario.
2) What would be the tax implications on the day trading earned income and cash trading earned income.
3) I have done intra-day trading and accured loss of around 10K.. do i need to specify this information in ITR to carry it forward.
4) For how many years intra-day loss and cash trading loss can be carried forward.
5) I have already filled ITR-1 so what should i do now. I have filled the income tax return online.. i have not send the acknowledgment document to the taxation department for validation of the return i have filled.
6) If i am not wrong as i have not sent the ack.. form to the taxation department thus the ITR-1 form filled by me will stand void in case i would not send the acknowledgment form.. and thus could refill the required ITR form keeping (salary income + trading income).
7) How would i calculate taxable amount on the intra day trading and cash trading amount( will it involve amount+ brokerage+STT) or any other combination.
8) Any other specific information i have to fill in the ITR.. and need to be take care of..


Thanks
 

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