Short selling profit taxable ? please clear
This query is : Resolved
CS RAJESH C.CHOUDHARY
(Querist)
03 September 2011
Respected sir,
If we trade intra day trading in stock market, how the tax responsibility is applicable on its profit ?
Tell me Is there any limititaton of turnover for individual in intra day trading ?
Thanks in advance.
If we trade intra day trading in stock market, how the tax responsibility is applicable on its profit ?
Tell me Is there any limititaton of turnover for individual in intra day trading ?
Thanks in advance.
03 September 2011
intra day trading profit / loss is taxed under Profit / Loss from Speculation under Income from business head.
the net profit / loss made by the speculator is treated as Turnover for Tax audit limit
the net profit / loss made by the speculator is treated as Turnover for Tax audit limit
CS RAJESH C.CHOUDHARY
(Querist)
04 September 2011
thanks ravikant sir.
CS RAJESH C.CHOUDHARY
(Querist)
13 September 2012
sir what is the procedure to do llb?
i m ca and cs final student and wanted to do llb can i do ?
i m ca and cs final student and wanted to do llb can i do ?
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