While trading in call and put options at NSE, which types of taxes i have to bear or whether earned profit shall be treated as short term capital gain tax?
25 September 2012
Only Service tax (ST) and Security transaction tax (STT) and Turnover tax (TOT) are applicable in derivative trading. If U are Day trader => Business Income If delivery based trade => Short Term or Long Term depending upon holding period.
25 September 2012
No idea about rate of TOT. Day trader means purchase and sale of shares or derivatives by squaring the positions on the same day without carrying any positions to next trading day.
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