https://v2.webnotes.in/tags/speculative-income/Recent content in Speculative Income on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-report-intraday-speculative-income/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-report-intraday-speculative-income/<aside class="callout callout--warning" role="note"> <strong class="callout__label">Informational only, not tax advice</strong> <div class="callout__body">The classification of intraday equity trading as speculative income and the applicable set-off rules can vary based on individual facts. Consult a Chartered Accountant before filing, particularly if you have a mix of intraday losses, F&amp;O income, and capital gains.</div> </aside> <p>Intraday equity trading, buying and selling the same share on the same trading day without taking delivery, is classified as a <strong>speculative transaction</strong> under section 43(5) of the Income Tax Act 1961. The income or loss from intraday trading is treated as <strong>speculative business income</strong>, which must be reported in <a href="https://v2.webnotes.in/itr-3/">ITR-3</a> . This guide covers the end-to-end procedure for declaring intraday income using data from <a href="https://v2.webnotes.in/zerodha-console/">Zerodha Console</a> .</p>