Income Tax on Stock Trading

Good joke!!!

GOOD JOKE

Its not joke. Think on it, as in bad days govt pays in US I read it on some site so why not possible here. One more thing if person pays tax , is it be utilised with its real value I mean tax is utilised in developing our country but it is 100% utilised for same purpose if not then why we are paying for such corrupt ppl.

sir, i think you have raised this topic in a wrong forum. regarding taxation question... income tax act specifically provides for carrying forward any loss incurred during the year to next assessment years to be set off against any income under that head earned by you in those years.

there is no provision to bail you out of the losses. the risk in share trading is taken by you as per your calculations. government has never asked you to invest in risk securities.

the thing you heard about US bail out  - the bail out plan was for banking and insurance companies only . not for any individual investor. that bail out plan was only due to the loss incurred by the banks, etc as they followed govt policies for lending systems.

every document of security clearly mentions...its a market risk and the investor has to take due deligence in inveting in them.

regarding utilisation of tax collections - contact the department as per the righ to information act and you can get to know where and how the collections are spent.

have a grt day

Yes TDS is the deduction from the total amount either its As advence or on or after delieveries.

thnx

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One another thing one should keep in mind that most of the people who are looser in market are the one who are actually gambling and not investing. Exceptions are there when global recession touch everyone.