Rate of tax on Profit of future & Option (equity stock)
This query is : Resolved
01 February 2011
Dear Experts,
I want to know the rate at which profit earned from future & option (equity Stok)will be taxable?
Whether by normal tax slab?
alos let me know under which head above income to be consider? whether income from business or gain or from capital gain?
Thanks in advance..
Regards,
Sushil.
I want to know the rate at which profit earned from future & option (equity Stok)will be taxable?
Whether by normal tax slab?
alos let me know under which head above income to be consider? whether income from business or gain or from capital gain?
Thanks in advance..
Regards,
Sushil.
01 February 2011
It is non speculative business income taxable at slab rates.
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Guest
Guest
(Expert)
01 February 2011
taxable as per normal rates
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