Comment on Classifying Your Market Activity

sahil swaroop commented on 05 Nov 2017, 07:47 PM

hii Nithin Kamath,
my name is Sahil and I have been trading last 14 months and as I read this module it was clear that for an intraday equities and f&o trader it is advantageous to declare their trading activity as business income if they earn less than 5 lakhs but a bit demoralizing to read that an intraday equity and f&o trading activity specially intraday can only be considered as business income and if profits are more than 10lakhs trader is entitled is to pay 30% of his profits as tax to government assuming trading is his only source of income .is there any way this tax can be reduced ? .As this makes trading a not so lucrative business as trading is very risky business and a zero-sum game government shouldn’t be proposing such high taxes for a trader

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