Respected sir,
Kindly guide me on the following:-
1. Income/Loss from the INTRADAY share trading.
2. Short term capital gain/loss from share trading.
3. CAN THE ABOVE TWO BE CLUBBED.
garima (Homemaker) (67 Points)
23 December 2013Respected sir,
Ankit
(CA, CS)
(3064 Points)
Replied 23 December 2013
intraday profit/ loss will go as soeculation income and will be taxed under business and profession
STCG/STCG is taxable under Capital Gains. STCG is charged at 15% of the gains is sold on a stock exchange
CAclubindia
