Comment on Taxation Simplified
commented on
21 May 2013, 05:02 PM
Tharun,
Guess you didn’t read the blog.
If you are trading f&O, it is considered as business income and not short term capital gains. All profits that you make is added to any other income of yours and then you have to pay according to the slabs as mentioned in the blog.
So if 10lk profit, then first 2lks 0% , 2 to 5lks 10% which is 50k, 5 to 10lks 20% which is 1lk, so together is 1.5lk..
Make sure you declare your losses also and not just profits. Why? Do read the above blog once.