I tax on brokerage and speculative income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2011
I HAVE BROKERAGE INCOME AND F&O TRADING INCOME.IF I HAVE TO PAY INTEREST ON CAPITAL INVESTED IN MARGIN OF F&O THAN HOW TAX WILL BE CALCULATED.AFTER INTEREST PAYMENT OR AFTER TAX ON BROKERGE AND SPECULATIVE INCOME?
Aditya Maheshwari
(Expert)
29 August 2011
Income from F & O - Interst paid + brokerage Income taxed as business income and taxable at slab rates.
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