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?

Hemu Kapoor

Hemu Kapoor (Expert)
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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