Income from stock market
This query is : Resolved
07 June 2014
whether the income earned from the stock market is liable to tax
07 June 2014
there are various income earned from stock market which income u talking abt
Nikhil Kaushik
(Expert)
07 June 2014
trading income and derivative income is charged as business income.
Income from short term and long term profits on share sale is charged as capital gains. Long term capital gains are exempt from any tax if STT is charged thereon.
Income from short term and long term profits on share sale is charged as capital gains. Long term capital gains are exempt from any tax if STT is charged thereon.
Rupesh Jain
(Expert)
09 June 2014
YES INCOME IS TAXABLE IT DEPEND ON THE TRANSACTION IT MAY TAXABLE UNDER BUISNESS INCOME OR UNDER CAPITAL GAIN TAX .
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