Reporting intra-day trading losses could reduce your tax liability

You can claim your losses by filing an ITR-3 only and not an ITR-4

The stock market has been an attractive investment option for the masses. Carrying out a one-off investment in stocks or trading in the stock market is preferred over other investments or trading options as it helps earn phenomenal returns. In fact, intra-day trading has gained much popularity of late -- not only among those who have taken this up full time, but also among small businessmen, salaried professionals, and retirees, among others. And one-off losses made in such trade do not deter them from moving on. In this article, we will discuss all about intra-day trading in stocks, their tax