HI
I am an Individual tax payer with salary income. This year I started trade in stocks through online. please clarify my below doubts:-
1. Profit earned from intraday trading should be treated as income form Business/Profession or Short term capital gain. and how much % of tax I have to pay on these income.
2. Profit eraned from sale and purchase of stocks in less than one year. In which head profit should be menionted. Also advise % of tax.
3. Can I adjust my DP charges with profit earned.
4. My salary is Rs 260000/- andI pay house rent Rs. 72000/- pa. LIC paid is Rs.18000 pa. In this case I dont need to file ITR. But if I earn something from trading than do i have to file ITR or not.
Dear member, please clarify above doubt.
REgards
Kripal
CAclubindia
