Comment on Taxation for Traders - Introduction

Hi Zerodha,
What are the tax implications if an NRI residing in income tax free countries like uae, saudi arabia etc opens an account and starts trading in equity derivatives and commodity derivatives .Is he liable to be taxed other than STT ,CTT,STAMP DUTY,BROKERAGE on the profits he makes .If he is taxed, what are the rates and slabs. If he is not taxed .Is it a good option to have a friend open an account and repatriate the profits.

Thanks & Regards
Venkat

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