Comment on Classifying Your Market Activity

Nithin Kamath commented on 13 Apr 2016, 03:04 AM

1. yep
2. Any money that comes to you either has to be as income or loan. If it is an income, yeah you have to pay taxes as per the IT slabs. But whatever money you get as income, your friend can show that as an expense and hence not have to pay taxes on that.

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