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I tax on brokerage and speculative income

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2011 I HAVE BROKERAGE INCOME AND F&O TRADING INCOME.IF I HAVE TO PAY INTEREST ON CAPITAL INVESTED IN MARGIN OF F&O THAN HOW TAX WILL BE CALCULATED.AFTER INTEREST PAYMENT OR AFTER TAX ON BROKERGE AND SPECULATIVE INCOME?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
29 August 2011 Income from F & O - Interst paid + brokerage Income taxed as business income and taxable at slab rates.

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