Comment on Taxation for Traders - Introduction

Nithin Kamath commented on 17 Jun 2013, 09:40 AM

Very tricky to answer your question as these are all grey area in terms of regulation.

Yes you can take money as a loan from anyone and do whatever you wish. Yes you can pay back the interest to the money borrowed from the person who is lending it to you.

The grey area is if you are going out there and taking money saying that you will invest it into the market, then you will have to be a registered portfolio manager with SEBI and all the regulatory requirements will make sense only if you are raising atleast 10 crores.

View the full comment thread »