Comment on Taxation for Traders - Introduction

sunny commented on 12 Nov 2014, 01:58 PM

Hi Nithin,

Thanks for the reply,

I have been doing this and have made profits on money borrowed from my brother. I have following queries, please help:

If I file my income at end of this financial year & show ‘interest given’ as 8 % & rest as my trading profit, is there any heck of a chance that IT dept might question me about my source of income from trading on ‘loan’ amount?

Is there any other way i can show the amount transferred to me by my brother so that the point of registered portfolio manager simply goes out of way?

Thanks a lot for the guidance. Regards.

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