Shares
This query is : Resolved
14 January 2015
if income received from share trading will this income will be liable to income tax.if yes,then how can we minimize or reduce the tax liability???
Amol S Joglekar
(Expert)
15 January 2015
The income is taxable under income tax depending upon whether or not it is investment income or short term capital gain income.
By investing in Chapter VIA....80C etc, you can reduce the tax liability.
(In a lighter sense, I know few of my friends who incur heavy LOSSES in share trading....so forget about REDUCING...they do NOT have any income tax liability)
By investing in Chapter VIA....80C etc, you can reduce the tax liability.
(In a lighter sense, I know few of my friends who incur heavy LOSSES in share trading....so forget about REDUCING...they do NOT have any income tax liability)
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