share intraday income
This query is : Resolved
24 December 2010
sir ,
i am salary person & share business income
sir my question is
share purchase totat
- share sales total = intraday profit & loss
example :
purchase = 100 share x 10 rate = 1000 purchse date 24-12-2010
sales = 100 share x 15 rate = 1500
sales date 24-12-2010
-------
share intraday profit 500/-
i this profit is tax free / taxable
where is take income for under this income
sir reply is urgent
i am salary person & share business income
sir my question is
share purchase totat
- share sales total = intraday profit & loss
example :
purchase = 100 share x 10 rate = 1000 purchse date 24-12-2010
sales = 100 share x 15 rate = 1500
sales date 24-12-2010
-------
share intraday profit 500/-
i this profit is tax free / taxable
where is take income for under this income
sir reply is urgent
CA Ankit Shah
(Expert)
24 December 2010
Speculation business income with ur share business income
CA Ayush Agarwal
(Expert)
24 December 2010
This is Speculation Profit/Loss Which is Chargeable to PGBP head.
Same Will be Chargeable as Per Normal Tax Rate.
Same Will be Chargeable as Per Normal Tax Rate.
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