Buy a stock and sell it the same day, and the tax rules stop treating it as an investment altogether. Those same-day round-trips are speculative business income, and the Tax Planner pulls them into their own section so they never get mixed up with your capital gains.
Why it's a different bucket
A same-day BUY+SELL cycle is PGBP (ITR-3 Schedule BP) — profits and gains of business, not capital gains. That means it's taxed at your slab rate, not the fixed LTCG/STCG percentages, and it files on a different part of your return. Any holding with same-day cycles picks up an Intraday badge so you can spot it.
Speculative Business Income · FY 2025-26
Same-day BUY+SELL cycles are PGBP (ITR-3 Schedule BP), NOT capital gains.
Treated as business income, not capital gains. Speculative losses can only offset speculative gains.
The Speculative Business Income section lists each same-day cycle, kept separate from LTCG and STCG.
How losses work here
Speculative income has its own walls. A speculative loss can only offset speculative gains — never your salary, never your capital gains. So a bad day of intraday trading can't reduce the tax on the stocks you're holding for the long run.
Note: ProjectionWealth flags and separates these cycles so your capital-gains numbers stay clean, but intraday taxation gets involved fast — turnover, audit thresholds, ITR-3. For the filing itself, talk to a CA.