intra day gain-hw it is taxes???
This query is : Resolved
22 December 2008
hii frnds,
i hv a doubt regarding tax on intra gain. hw is INTRA DAY GAIN taxed???? IS it charged at 10% (ie same as SHORT TERM CAP GAIN) or is it included in total income excluding short term and long term gain and then accordingly rates r applied????
awaiting 4 ur early reply..
Regards
Sangita
i hv a doubt regarding tax on intra gain. hw is INTRA DAY GAIN taxed???? IS it charged at 10% (ie same as SHORT TERM CAP GAIN) or is it included in total income excluding short term and long term gain and then accordingly rates r applied????
awaiting 4 ur early reply..
Regards
Sangita
22 December 2008
intra day is a speculation business & it is not taxable as 10%.
23 December 2008
Intraday transactions of equity in cash segment is known as jobbing and income therefrom is treated as the result of Speculation business activity.
However, the same in derivatives segment is non-speculative in view of section 43(5).
However, the same in derivatives segment is non-speculative in view of section 43(5).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- FCRA 6 E- Intimation
- GST Rate for Catering Services
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
