( Author )
04 June 2012
I need clarification on my previous query.
Q: i want to lend money to my friend for stock trading. In return i want 50 % profit as interest. he is ready for any contract.
Is there any legal complications ?
How will be tax structure?
Suppose he gets profit of 50,000
he get 25000 and i get 25000.
On how much he need to pay tax and on how much i need to pay?
What if i follow the above process as proprietory. Please provide me clarity on this.