Tax on interest earned from stock market investment firm
This query is : Resolved
18 July 2022
I individual tax payer. i have invested 25 lac amount to firm who is investing in stock market .
i am receiving 60 percent return about 6 lac on investment yearly as profit share.
please guide me what is taxation in income earned on my investment.
whether there is special provision for income earned in this. what tyape of income called it.
i am receiving 60 percent return about 6 lac on investment yearly as profit share.
please guide me what is taxation in income earned on my investment.
whether there is special provision for income earned in this. what tyape of income called it.
18 July 2022
What sort of agreement you have with the firm?
If its just interest, declare it under Income from Other Sources.
If its just interest, declare it under Income from Other Sources.
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18 July 2022
in agreement income is mentioned as par of profit sharing income.
18 July 2022
Unless you are taking any delivery of shares in your demat account, treat the income as business income.
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