Taxability for online trading of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2012
Dear Sir/Madam,
I wanted to know whether the income earned by online daily trading of shares taxable even if it does not exceed the Basic Exemption Limit i.e. Rs. 2,00,000 in a financial year ???
I wanted to know whether the income earned by online daily trading of shares taxable even if it does not exceed the Basic Exemption Limit i.e. Rs. 2,00,000 in a financial year ???
20 March 2012
1.if u r regular trader than it will be considered as income from speculation business under the head income from business of profession.
2.if it is under exemption limit it is not taxable.
3. but for safe side file the return of business income.
2.if it is under exemption limit it is not taxable.
3. but for safe side file the return of business income.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2012
thankyou Sir for your reply ...
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