Comment on Classifying Your Market Activity

Nithin Kamath commented on 21 Mar 2017, 02:20 PM

Intraday trading is speculative business, so that has to be carried forward, can’t set it off against your professional income or STCG. You can carry forward this intraday loss to next year.
How the rest will work is, you reduce 1.5lks (PPF) from your total income 8lks (3+5). You are left with 6.5.
In this 6.5, the first 2.5 there is no tax. You are left with 4.

This 4lks will be charged a flat 15% = Rs 60,000

So Rs 60000 and Rs 15000 of carry forward intraday loss to next year.

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