Taxation of stock market income in India, explained simply

Delivery-based equity held over twelve months is long-term capital gain. Held under twelve months it is short-term capital gain and taxed at a higher rate.

Intraday trading is speculative business income. Futures and options are non-speculative business income, which allows expense deductions and different loss set-off rules.

Keep your broker's profit and loss statement, contract notes and the annual tax report. Reconcile them with your AIS before filing.

Talk to a chartered accountant for your own case; this is general information rather than tax advice.