Income tax when intraday trading on options

Rakesh Kumar (IT - System Administrator)   (46 Points)

03 April 2013  

I am new trader and iwant to know about Indian Income Tax on intraday trading on options type.

Example - I have buy in option 10000 and sell about 11000 and I get only 900 Main profit after deduction Service Tax on brokrage,Stamp duty and other charge.

then My question is which ammount will be applicabe on Income TAX,  21000 or 11000 or 900 or 1000 or any Other.

Note: - I use Per day buy and Per day sell mean Intraday in NSE/BSE OPTIONS.