RATE OF TAX ON SPECULATIVE INCOME
This query is : Resolved
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
Guest
Guest
(Expert)
05 February 2011
Club with regular income.
07 November 2021
As per slab rate.
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