Comment on Taxation for Traders - Introduction
commented on
02 Jul 2013, 02:38 PM
As such we are not aware of any rule that prohibits government employees to trade stocks/f&o/Commodity. Based on the organization, you might be required to declare your activity to the organization that you work in.
Do read our blog on taxation simplified and also the queries on turnover. Turnover doesn’t mean buy volume + sell volume. Turnover is sum of all your settlement profits and losses.
You want to trade or not is your call, but if you are trading make it a point to maintain your books and file your IT returns disclosing your trading business.