Income tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2012
in current year i have have done trading (intra day) in wife a/c & having profit of 2.10 lacs. there are no other income in current year. can u please let me know What will be tax treatment for same & at what rate it will be taxed.
thnx
thnx
CA Ayush Agarwal
(Expert)
09 October 2012
Current Year Not yet Completed.
Till 2 Lacs No Taxes...
Intraday profit Means Speculation Profit.
on 10000 Pay Taxes @10.3% Income Tax.
ThereAfter You Earn Pay IT at Same rate Till Profit Arrives 5 Lacs.
Till 2 Lacs No Taxes...
Intraday profit Means Speculation Profit.
on 10000 Pay Taxes @10.3% Income Tax.
ThereAfter You Earn Pay IT at Same rate Till Profit Arrives 5 Lacs.
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