Income tax related to securities

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2015 Please tell me the Tax Implication related to the trading being option on securities and futures for an Individual and how this income would be charge if the income from trading is less than exemption limit...........please reply here or at aashikrai1234@gmail.com

Thanks

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 June 2015 if the total income is below the exemption limit, then there wont be any tax. you are not even required to file the tax return

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2015 isn't be a STCG111A at which tax should be charge at 15% and no matter how much is normal income

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 June 2015 derivative trades are not taxed as STCG.

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