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BTST Speculative Income Or Capital gain

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G
407 Points Posted on 06 December 2022
BTST of shares is Speculative Income Or short term Capital gain
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On 06 December 2022 at 10:16 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 December 2022

For IT purpose it would be non delivery based speculation.

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On 06 December 2022 at 10:31
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G
407 Points Posted on 06 December 2022
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
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On 06 December 2022 at 10:38
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 December 2022

Sale value of stock..                      

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On 06 December 2022 at 11:54
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G
407 Points Posted on 06 December 2022
Ok sir thank you
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On 06 December 2022 at 11:55
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 December 2022

You are welcome ..               

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On 06 December 2022 at 12:39
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G
407 Points Posted on 06 December 2022
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
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On 06 December 2022 at 12:43
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SEO Sai Gr. Hosp.
211715 Points Posted on 06 December 2022

Yes, you are correct...    

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On 06 December 2022 at 14:05


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