Comment on Taxation Simplified

Rahul Gupta commented on 29 Dec 2016, 03:58 PM

Sir. I’m new to trading started commodity intraday trading. 1. If I earn 3-5 lakhs in next 3_4 months . When I have to pay tax? Is it on July 2017 with 30% advance tax? 2. How to determine which tax slab I m into because another 6months remaining, and I may not be in profit? more thing , every quarter broker does settlement. Once money comes to bank account and again I transferred the money to trading account. How IT Dept treat this credit amount?

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