Short selling profit taxable ? please clear
This query is : Resolved
03 September 2011
Respected sir,
If we trade intra day trading in stock market, how the tax responsibility is applicable on its profit ?
Tell me Is there any limititaton of turnover for individual in intra day trading ?
Thanks in advance.
If we trade intra day trading in stock market, how the tax responsibility is applicable on its profit ?
Tell me Is there any limititaton of turnover for individual in intra day trading ?
Thanks in advance.
03 September 2011
intra day trading profit / loss is taxed under Profit / Loss from Speculation under Income from business head.
the net profit / loss made by the speculator is treated as Turnover for Tax audit limit
the net profit / loss made by the speculator is treated as Turnover for Tax audit limit
04 September 2011
thanks ravikant sir.
13 September 2012
sir what is the procedure to do llb?
i m ca and cs final student and wanted to do llb can i do ?
i m ca and cs final student and wanted to do llb can i do ?
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