Intraday gross sales V/S turnover which should be considered for books of account consideration?

Income Tax Act 1961 Income from Business or Profession
1

For a Housewife doing trading
Trading loss= -4k
Intraday turnover= 30k
Capital gains= 20k
Fd intrest= 11k
Divident income =5k

So total income is less than 2.5 lakhs

  • do i need to fill itr
  • if yes than in itr 3 am i liable to keep books of account as per rules my intraday turnover is less than applicable limit but there is confusion total gross sales of intraday shares is arround 1cr but turnover is only 30k
2

You are not required to maintain books of account or mandatorily file an ITR based on turnover/income alone. However, filing ITR-3 is recommended if you wish to carry forward your ₹4,000 trading loss or if you hit mandatory reporting criteria under Section 139(1).