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RATE OF TAX ON SPECULATIVE INCOME

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05 February 2011 KINDLY LET ME KNOW THE RATE OF INCOME TAX ON SPECULATIVE INCOME. SUPPOSE AN ASSESSEE EARNED A PROFIT SAY Rs.50,000/- ON INTRA DAY SHARE TRADING, AT WHAT RATE WE HAVE TO PAY TAX ON THE SAID INCOME. CAN WE CLUB THE SAID INCOME TO HIS REGULAR INCOME AND PAY TAX ACCORDINGLY. SUPPOSE HIS REGULAR INCOME IS BELOW THE TAXABLE LIMIT THEN WHAT IS THE POSITION. CAN WE CLAIM DEDUCTION U/S 80-C ON SPECULATIVE INCOME
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05 February 2011 Club with regular income.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 November 2021 As per slab rate.
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