Comment on Taxation for Traders - Introduction

abner commented on 30 Oct 2014, 02:03 PM

hello nitin. i am new to zerodha and trading. i read about your blog of payment of taxes , i wasnt aware of payment of tax for trading until now. My query is : i am an nri and i opened zerodha account as a local with local account savings account( i dont have an nri account currently) . I traded equity intraday for 5 days now and realized i carnt file income taxes. I stopped trading intraday and have only holdings delivery equity which i plan to keep for over a year. So now do i need to file an income tax for the 5 days or do i just ignore it. Moreover do i need to file any income tax reports even for the delivery stocks or i just keep in mind i dont need to pay taxes for long term holding and ignore mentioning its presence anywhere. thanks in advance

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