derrivative trading income taxable or not?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2010
sir,
this financial year I have earned 125000(one lac and tweny five thousand) from intraday trading and future trading(Capital market). i have no other source of income. should pay tax?. if yes how much i need to pay? If no should i need tofile itr
this financial year I have earned 125000(one lac and tweny five thousand) from intraday trading and future trading(Capital market). i have no other source of income. should pay tax?. if yes how much i need to pay? If no should i need tofile itr
21 March 2010
If you have no other income then tax liability does not arise. NO not compulsory to file ITR. But your turnover of intraday and specultaion is high then it is advisable to file it return
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