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IncomeTax for a housewife
Income of a housewife comes from bank interest and intraday trading and delivery trading of stock market .Her yearly income is less than 2.5 lac. As STCG of flat 15 percent applicable so my question is Will STCG applicable to her in this case ? will her income tax be zero?
Replies (2)
Profit from intra day Trading is considered as business profit n it will be tax @ slab rate. Profit from sale of stock after taking delivery within 12 months is considered as STCG n tax @ 15%.
2.5 lac limit is considered in case of business profit
2.5 lac limit is considered in case of business profit
suppose business profit from intraday trading is 1 lac and STCG is 1.5 lac. Is it necessary to submit ITR in this case? What will be income tax ?
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