DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
This query is : Open
14 April 2026
FOR 51 LAKHS SALES TURNOVER FOR ETF TRADING, AS MENTIONED IN SUBJECT, TAKEN UNDER SEC44AD AT 6% PROFIT (TO SKIP BOOK KEEPING AND AUDIT ETC.) TRADING PROFIT AT 6% IS AROUND 3.06 LAKHS. SO INCLUDING THIS TOTAL INCOME STANDS AT RS.7 TO 8 LAKHS. AM I GOOD FOR ZERO TAX AS INCOME IS BELOW 12 LAKHS?
IN AIS STATEMENT RS.18+ LAKHS IS GIVEN AS SALES (IN PLACE OF 51L). CAN I USE THIS FIGURE FROM AIS? IS SEC 87 A REBATE APPLICABLE TO ME?
IN AIS STATEMENT RS.18+ LAKHS IS GIVEN AS SALES (IN PLACE OF 51L). CAN I USE THIS FIGURE FROM AIS? IS SEC 87 A REBATE APPLICABLE TO ME?
14 April 2026
Now a days department raises query for not declaring the STCG in traded ETFs as the brokerage house report the income under STCG.
14 April 2026
IT HAS GIVEN CHOICE SO I TAKE IT. BROKERAGES DO NOT HAVE CHOICE TO SHOW THIS AS BUSINESS INCOME. I HAVE MODIFIED QUERY ABOVE PLEASE SEE. I HAD ALREADY DECIDED AND SO NOT PAID ANY ADVANCE TAX.
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