Tax on equity dealing
This query is : Resolved
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
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.
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...
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
