Tax on share trading business
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 September 2010
Hi, one of my clients is a small time share trader. He conducts his business out of his home. He has earned some profit out of the business during the financial year 2010-11.
What will be the income tax rate on business income through shares trading?
What will be the income tax rate on business income through shares trading?
27 September 2010
Depends :
if profit arises out of F&O - Slab Rates under Business & Profession
& if
in Shares : & if Short Term ;;;stt paid u/s. 111a
& long term exempt
if profit arises out of F&O - Slab Rates under Business & Profession
& if
in Shares : & if Short Term ;;;stt paid u/s. 111a
& long term exempt
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