Comment on Taxation for Traders - Introduction
commented on
05 Apr 2015, 10:28 PM
Mani, if you are doing only delivery based trading, you can consider yourself as an investor and pay fixed 15% as tax for Short term gains and nil for long term gains (anything over 1year). You can show this gain under Capital gains head on ITR2. But if you show this as capital gains, you can’t show any expenses.