Comment on Classifying Your Market Activity

Akaash commented on 12 Apr 2016, 03:03 PM

Hi, Great article!
I have few questions:
1. If I am trading in F&O using my friend’s account, any tax on the business income will be paid my friend right?
2. What if he want to give me profit share/commission post tax deduction for my perpetual help,will I also need to pay tax on this income generated? Assume that this income to me will run in several lacs per annum.

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