Easy Office
LCI Learning

Tax on interest earned from stock market investment firm

This query is : Resolved 

18 July 2022 I individual tax payer. i have invested 25 lac amount to firm who is investing in stock market .
i am receiving 60 percent return about 6 lac on investment yearly as profit share.
please guide me what is taxation in income earned on my investment.
whether there is special provision for income earned in this. what tyape of income called it.


18 July 2022 What sort of agreement you have with the firm?
If its just interest, declare it under Income from Other Sources.

18 July 2022 in agreement income is mentioned as par of profit sharing income.


18 July 2022 Unless you are taking any delivery of shares in your demat account, treat the income as business income.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query