tax imlication for intraday trading of stock market
This query is : Resolved
HIMANSHU RANJAN NAYAK
(Querist)
20 November 2007
what is the tax implication of intraday trading done by a person once or twice in every week.i.e neither he is comming under as a invester nor comming under as a trader.
CA. Kirti S. Ganatra
(Expert)
20 November 2007
Intra day trading means dealing without taking delivery. So, any type of transaction where we did not take delievery it is speculation. So, it will be taxed in speculative profit/loss. It might once in a day or many times a day.
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