How to Comput Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2010
Mr. A is not having any income but if he invest in shares & do investment and Intraday say more then Rs. 60 Lakh p.a. then Tax Audit is applicable to him or not ? His Profit is treated as short term gain or business income ? He is to pay flat 30% tax or first claim Rs. 1.60 Lakh exemption & other deduction and on any balance he is to pay tax according to slab. ?
Thanks in advance
Thanks in advance
29 December 2010
Audit ios applicable.
treated as business income.
treated as business income.
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