Income tax on share trading income in india
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2017
what is the tax liability for indian citizens on share trading income both from intra day and on delivery basis trades. thanks.
28 December 2017
1. Income from both type of trading attracts income tax under the head PFBP.
2. Income from delivery based comes under 'normal business' and intra day trading comes under 'speculative business'..
2. Income from delivery based comes under 'normal business' and intra day trading comes under 'speculative business'..
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