Comment on Taxation for Investors

Nithin Kamath commented on 20 Nov 2016, 11:06 PM

Chiru, I am answering based on both your questions, whatever I can make sense of it.

1. As an investor, you can only show equity delivery investing as capital gains.
2. Intraday equity has to be shown as speculative business income.
3. If you have only capital gains, there is no need of an audit.

Suggest you to go through all the chapters, I have explained all that you have asked in detail already.

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