Taxability of online equity trading
This query is : Resolved
28 July 2013
Dear Sir,
I am having a DEMAT A/c from which i got the profit of Rs. 8808 by online trading.
Sir i want to know whether this profit is taxable?
If yes, in which head of sources of income this has to be shown?
Dear Sir,
I am having a DEMAT A/c from which i got the profit of Rs. 8808 by online trading.
Sir i want to know whether this profit is taxable?
If yes, in which head of sources of income this has to be shown?
12 August 2013
If the profit was earned by way of intra-day trading then it is taxable as speculative income under the head income from business.
If the profit was from normal transactions then the income is taxable under the head Capital Gain.
If the profit was from normal transactions then the income is taxable under the head Capital Gain.
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
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- TDS ON CASH WITHDRAWALS...
- Query regarding TDS on EPFO Higher Pension Arrears*
- Bank accounts of Non resident
- ITR Filing Requirement for Partnership Firm Registered but Business Not Commenced
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- Error whiling application of GST REFUND (ANNEXURE B)
- While filing GSTR9 accountant couldn't entered the ITC values in Table 6, in 9C it is not accepting
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
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
