Comment on Taxation Simplified

Akash commented on 20 Mar 2013, 08:43 AM

Hi Team,
Excelent initiative from your side…
I am a full time trader with no other source of income. I have 2 queries:
1. I trade derivatives. I am a bit confused as on one side u say that derivative trading is considered as business income while on the other hand u also refer to the tax slab… For an individual trader like me, do i pay flat 30% tax or i pay as per slab structure?
2. Can i deduct EMI on home loan as an expense for calculating taxable income?

View the full comment thread »