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BTST Speculative Income Or Capital gain
BTST of shares is Speculative Income Or short term Capital gain
Replies (7)
Quick Summary
For IT purpose it would be non delivery based speculation.
Ok sir so it will taxed according to income tax slab and what would be turnover value for btst is it net profit or loss booked or sale value of the stock
Sale value of stock..
Ok sir thank you
You are welcome ..
Sir in that case if anyone buy stock for 1lakh and sell the same next day at 102000 than 102000 will be turnover value. in that case if he declare income under 44ad the minimum profit is 6%of turnover value am i right Sir
Yes, you are correct...
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