Tax on equity dealing
This query is : Resolved
Chandan Gupta
(Querist)
25 September 2012
Dear Members..
Its very urgent & please guide....
While trading in call and put options at NSE, which types of taxes i have to bear or whether earned profit shall be treated as short term capital gain tax?
Thanks
Its very urgent & please guide....
While trading in call and put options at NSE, which types of taxes i have to bear or whether earned profit shall be treated as short term capital gain tax?
Thanks
CA. Subhash Dangi
(Expert)
25 September 2012
Only Service tax (ST) and Security transaction tax (STT) and Turnover tax (TOT) are applicable in derivative trading.
If U are Day trader => Business Income
If delivery based trade => Short Term or Long Term depending upon holding period.
If U are Day trader => Business Income
If delivery based trade => Short Term or Long Term depending upon holding period.
Chandan Gupta
(Querist)
25 September 2012
thanks for ur prompt reply sir...
but i want to know what is the rate of turnover tax and what is day trader...
thanks for ur prompt reply sir...
but i want to know what is the rate of turnover tax and what is day trader...
CA. Subhash Dangi
(Expert)
25 September 2012
No idea about rate of TOT.
Day trader means purchase and sale of shares or derivatives by squaring the positions on the same day without carrying any positions to next trading day.
Day trader means purchase and sale of shares or derivatives by squaring the positions on the same day without carrying any positions to next trading day.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
