Day trading in currency(stock exchange)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 March 2013
One of my friend do currency trading in stock exchange for HIMSELF(in his account only and not for others).
He has appointed two staff for this purpose .
Please clear
1.
His profit will be taxed under STCG or Business head
2.whether salary paid to them will be allowed as expenses
Thanks In Advance
He has appointed two staff for this purpose .
Please clear
1.
His profit will be taxed under STCG or Business head
2.whether salary paid to them will be allowed as expenses
Thanks In Advance
06 March 2013
It will be taxed under the head of Business & Profession.
You can claim salary paid to staff as expense.
You can claim salary paid to staff as expense.
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