I have a query on Tax to be paid on share market investments.
For short term capital gain tax is 15%,if a person is in 30%Income slab-He have to pay as per income tax slab or 15% as capital gain tax?
short term capital gain tax?
Intraday trades and F&O trades comes under short term gains or as per income tax slab as it is considered as business income
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Capital Gain Tax
Replies (1)
Profits on sale of Shares held for less than 365 days is taxable @ 15% provided stt paid and listed even if in 30% slab.
Indraday Trading profits is considered as Speculative Business Profits.
F&O profits is considered as business profit.
Tax audit is applicable if net profit less than 8% of Turnover
Indraday Trading profits is considered as Speculative Business Profits.
F&O profits is considered as business profit.
Tax audit is applicable if net profit less than 8% of Turnover
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