I am salaried person. My annual salary is 3.50 lacs. I have 80C & D deductions up to 50000. I am investing in share market. I am doing intraday transaction, also sometimes I am buying shares and sold it within 4-5 days, also I have sold some shares in this year which I bought in March 2020. So how can I calculate tax including my share income? How each type of transaction can impact my tax treatment? What should the best type of share trading to avoid tax liability? How can I calculate tax on share? Will tax on share will shown in speculative business income head?
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Share market income treatment with salary income!
Replies (5)
Quick Summary
Based on your query, your share income will be treated as business income and will be taxed accordingly.
it is simply profit /loss made.
.you an claim some direct expenses.
it is simply profit /loss made.
.you an claim some direct expenses.
| Originally posted by : SUSHANT BIDAYE | ||
 |
Based on your query, your share income will be treated as business income and will be taxed accordingly.it is simply profit /loss made..you an claim some direct expenses. |  |
what will be the tax rate for share income!
Normal tax rate as per the slabs
| Originally posted by : SUSHANT BIDAYE | ||
|
Normal tax rate as per the slabs | |
WHICH ITR FORM WILL BE APPLICABLE!
IT R 3 normally or ITR 4 if you have to go for presumptive taxation.
for more advice you have to consult a CA. you my write to me at sushantbidaye @ gmail.com
for more advice you have to consult a CA. you my write to me at sushantbidaye @ gmail.com
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