If a person is making profit/loss from frequent buy/sale of Mutual Funds, can this income be treated as business income & added to income from other Proprietory firms owned by the person?
In such a case what tax rates are applicable?
When does corporate tax rates (30%) come into picture? Are Proprietory & Partnership firms outside the limits of Corporate Tax?
Patnerships are directly taxed at 30%.This is not so in the case of Propietorship firms. For mutual fund query i too wanna know that???
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
CCI
Pro
CAclubindia
