Income from share market

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HOD Logistics(Import Export Commercial)
24 Points Joined May 2016

Hello,have a question releated to Income.

1.In one financial year,if I loose 50 lac in share market.This 50 lac I invested from my savings.

2.Next financial year I got profit 50 lac from share market.

Can I pay income tax for 50 lac earning ?

If yes,tell me about my loss occurred?

Can I adjust income tax against my loss ?

 

 

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On 23 January 2022 at 10:38 Report
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28075 Points Joined May 2017
Please mention whether short term or long term
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On 23 January 2022 at 12:18
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HOD Logistics(Import Export Commercial)
24 Points Joined May 2016

Short term.In intraday loss.but next year earn from intraday trading

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On 23 January 2022 at 12:29
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Kkk
1204 Points Joined February 2017
For short term gain u have to pay tax and intraday loss is your speculation can be settled from speculation income only.
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On 23 January 2022 at 15:24
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28075 Points Joined May 2017
15% tax. payable on short term.
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On 23 January 2022 at 18:17


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