BTST Speculative Income Or Capital gain
Vikash (G) (393 Points)
06 December 2022
BTST of shares is Speculative Income Or short term Capital gain
7 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 06 December 2022
For IT purpose it would be non delivery based speculation.
Vikash
(G)
(393 Points)
Replied 06 December 2022
Ok sir so it will taxed according to income tax slab and what would be turnover value for btst is it net profit or loss booked or sale value of the stock
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 06 December 2022
Sale value of stock..
Vikash
(G)
(393 Points)
Replied 06 December 2022
Sir in that case if anyone buy stock for 1lakh and sell the same next day at 102000 than 102000 will be turnover value. in that case if he declare income under 44ad the minimum profit is 6%of turnover value am i right Sir
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 06 December 2022
Yes, you are correct...
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