Personal Finance

Your Taxes

Sudhakar Sethuraman | Updated on October 18, 2020 Published on October 18, 2020

Could you please clarify whether intra-day share trade turnover could be computed using presumptive taxation under Section 44 AD? Instructions in ITR- 4 give an interpretation that speculative business income cannot be computed under Section 44AD.

Barathidason R

Intra-day share trade can be computed under Section 44AD (presumptive taxation). The instructions for ITR-4 has not yet been released by the CBDT(Central Board of Direct Taxation) for FY2019-20. Therefore, you may use ITR-3 in relation to speculative income under Section 44AD.

The writer is Partner, Deloitte India. Send your queries to

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 18, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.