Comment on Classifying Your Market Activity

Prashanth DN commented on 27 Mar 2018, 03:04 PM

From Jan 2018, LTCG is 10%. Please correct that in the above article if I’m right.

Can you please confirm whether classifying myself as an investor or trader is a choice for only speculative and non-speculative business income or for LTCG and STCG also?
Let me explain my doubt thro’ a small example below:

Intraday profits=15k
No other income or business

Now, can LTCG + Intraday (speculative business income) be shown as business income and since it is 25k and comes well within the 0% IT slab, i don’t have to pay any tax?

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