I am a senior citizen having income from salary, profession and interest on FDs. I have been filing ITR 4 myself for many yeats. This year I started intraday trading in equities and generated profit of about 40K also generated profit from delivery based trading having shaort term and long term gains.
My query: Can i show my income from trading undersec 44ADA/AD as business income under the activity mentioned in ITR4 return form: ’ Share broking and related activities’. Since all my income has accrued in my Zeroda trading account can I show my deemed profit as 6% of turnover (approx 20 lacs as per zerodha P&L statement)
Your guidance will be appreciated.
Thanks and rgds