If I am not a salaried person,and I make profits through intraday and F&O trades in share market,what Percentage of tax I have to pay as I m not falling into any income tax slab....
If my profit is below 2.5 lac and above 2.5 lac in both the cases???
intraday trading shall be taxable as speculative business income and tax rates shall be applicable same as in case of normal business.
Whereas F&O shall be taxable as normal business income or as capital gain depending on various factors.
CAclubindia
