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TAX IMPLICATION ON DAY TRADING OF SHARES(WITHOUT DELIVERY)

This query is : Resolved 
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(Querist)
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
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Sambu Suresh

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Sambu Suresh (Expert)
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
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