Income tax liability on share trading
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2018
I am a housewife and do intraday share trading in indian stock exchange daily. I have no other income source. How much is my income tax liability at end of year, if i earn 1 lakh rupees on intraday trading. Can i claim 80C relief while filing return on my saving and expenses on my trading business like buying of laptop, fees of experts for their tips, internet charges etc. Pl advice me in detail. thanks.
10 February 2018
Yes you can claim 80c deduction and all expenses stated above. You can claim 80c deduction and opt for 44AD and declare 6% profit.
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