29 May 2022
We have profit from share trading? Will this profit be treated as business income? What expenses are allowed in share trading profit in Income tax?
29 May 2022
Share trading profit may be in nature of business or capital gain or speculation, it depends on nature of transaction, purchase and sales details.
29 May 2022
No you cant deduct salary from share income and shares profit and business profit to be shown separately, Also you have to declare 6% or 8% profit on turnover from shares sales
29 May 2022
Iron and steel business is under gst proprietorship firm and shares trading done under personal proprietor name. Will income from steel business and shares business be clubbed together?
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