intrady futures player earning 1 lakh per month

This query is : Resolved 

29 October 2010 hello all,
i am intrady futures player earning 1 lakh per month.how and what will be my tax..


Thanks
Sanjay

29 October 2010 It is income from "business" and income tax has to be paid accordingly.

29 October 2010 dear sir ,
i want to know in percentage or amount..this is the only income i have..

thanks in advance


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