Comment on BTST/ATST( Buy/Acquire Today Sell tomorrow)

Vivek commented on 28 Apr 2015, 12:18 PM

For BTST trades, how gains are taxed –
(1) For someone who is ‘Investor’ and has done BTST say 2-3 times in a financial year?
(2) for traders for whom 33.3% taxation usually is applicable?
(3) Suppose for a trader in an year penalty amount say is Rs 10000, is this deductible under some head, say expenses or loss or so while preparing tax returns?

View the full comment thread »