How to calculate income tax in share trading

Rakesh Kumar (IT - System Administrator)   (46 Points)

06 November 2012  


I am new trader, I guess i have my per day transaction for included BUY and SELL is more then 10000, But my actual income is such as 500. 

Then my question is in income tax what value will be calulated 500 or on  10000.

In in all tearm which form will be applicable for income tax, Please give me details


Thanks & Reagrds