Help regarding tax for student who is into stock trading

I need some help in knowing the tax system in India. I am a student. I do some freelance work through which I earn not more than 12k a month. I recently started stock market trading. 

 

So I want to know if I will have to pay any taxes. 

 

Also - 

If say I buy a stock at 200 and sell it at 205 (intraday) and I make a profit of ₹5. So I want to know will they take ₹5 (that is the profit) or the full value (200+205=405) for the calculation of under ₹2,50,000 tax slab which has "No Tax" rate? 

 

Replies (1)
12k pm means your gross income is not more than 144k which is well below the taxable limit. so there's no need for you to file ROI or else you can file nil return showing 144k as your gross or net income which may help you in future for showing source for any investments etc.
2. only 5 rupees will be considered for taxation purpose and even that 5 rupees can be reduced by the stt and brokerage, if any

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details