hello all, as i've seen that day trader are levied with the speculative tax for their margin trading,which eats a huge chunk out of their profits is it possible for us to eliminate that tax by buying as a delivery and selling the stock same day?
Ronny (NA) (37 Points)
06 April 2015hello all, as i've seen that day trader are levied with the speculative tax for their margin trading,which eats a huge chunk out of their profits is it possible for us to eliminate that tax by buying as a delivery and selling the stock same day?
East Coast Homes
(Property management service real estate)
(272 Points)
Replied 06 April 2015
Stock buying & selling same day
is called speculative trading
so u have to pay 30% tax on profits.......
As an alternate option you can trade in future intraday as that will be included in income from business
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