TAX IMPLICATION ON DAY TRADING OF SHARES(WITHOUT DELIVERY)
This query is : Resolved
17 July 2008
UNDER WHICH HEAD THE PROFIT & LOSS OF DAILY TRADING (WITHOUT DELIVERY) OF SHARES WILL BE TREATED FOR AN INDIVIDUAL
IF UNDER BUSINESS & PROFESSION WHETHER SPECULATION BUSINESS INCOME OR NORMAL BUSINESS INCOME AND WHAT WILL BE THE TAX OF RATES
IF UNDER BUSINESS & PROFESSION WHETHER SPECULATION BUSINESS INCOME OR NORMAL BUSINESS INCOME AND WHAT WILL BE THE TAX OF RATES
17 July 2008
it falls udner the specualtion businses. chargable to 30% + surcharge +education cess. and loss can be set up to 4 years
for further clarificaiton plz contact me.
s.suresh
sambu_suresh@yahoo.co.in
9866198655
for further clarificaiton plz contact me.
s.suresh
sambu_suresh@yahoo.co.in
9866198655
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