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Tax treatment on share dealing

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(Querist)
13 October 2015 My frnd is a student, he was dealing with shares before 1 year. Now income tax department send a letter for this.What will he do?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 October 2015 Tax has to be paid and return has to be filed for any taxable income earned. In case of below taxable income/loss incurred reply to the notice stating no taxable income earned.

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