Taxes on Intraday Trading Income

Income Tax Income from Business or Profession
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Hi @Surbhi_Pal ,

Thank you for clarification. I have some more questions regarding this :

  1. So let’s say if I avoid any Intraday or FnO Trading in the next Financial Year, in that case I can go back to ITR-2 right? There will not be any impact while filing ITR-2 again in the next FY cycle?
  2. This financial year I have some losses on Intraday and FnO. Can I offset the loss? If so then in which category I can do it?