Comment on Taxation for Investors

TP commented on 24 Aug 2017, 10:44 AM

1) Can a person be a investor and trader at the same time?
So is there is any advantage in maintaining two trading accounts-
(a) one for investment
(b) one for trading

2) Does all tax accrue to the person in whose name the trading account stands in case he has multiple demat accounts in various combinations but in all such accounts he is first holder?
I know zerodha permits only one demat account to be linked but ICICI/HDFC among others allow linking upto 5 demat accounts.

3) With respect to point 2 above, isn’t the first account holder in joint demat the primary custodian of shares just as in case of savings a/c and MF holdings.

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