hello all, as i've seen that day trader are levied with the speculative tax for their margin trading,which eats a huge chunk out of their profits is it possible for us to eliminate that tax by buying as a delivery and selling the stock same day?
1 Replies
East Coast Homes
(Property management service real estate)
(272 Points)
Replied 06 April 2015
Stock buying & selling same day
is called speculative trading
so u have to pay 30% tax on profits.......
As an alternate option you can trade in future intraday as that will be included in income from business
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