Can someone explain me or give me a link where i can understand the following two concepts related to share trading :
1. Notional Gain/ Loss on trading in shares. (Under which head is it taxable & at what rate. Or is it exempt?)
2. Open Sell position : Herein, only the selling value & selling rate is mentioned & the entire value is taken as gain as per the broker's statement.
As per Section 111A, shares (short term) is taxable @ 15%...
Is it your business or investment ?
My friend read it again...i just want to know the taxability of shares under the above mentioned cases. Since they are not the usual share trading transactions.
With proper tax planning you can reduce your tax liability; save more; invest better and become wealthier.
https://holisticinvestment.in/plan-your-taxes
Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
“Best Performing Financial Advisor Award” Winners from CNBC TV18
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