Comment on Taxation for Traders - Introduction
commented on
22 Sep 2013, 11:35 AM
sir . i am a college student and i have no knowledge about taxation. I have started to invest only in equity from this month,I started with RS 10,000 n traded in intra-day n lost 3000.after that i started playing in equity cash delivery and holding total of 7000 rs delivery stock from the remaining money .after that I also transferred 9000 in my trading account n have booked profit of rs 1690 in intraday equity after paying all taxes ,stt& brokerage charges. now my question is that if i play only in intra- day equity till the financial year ending next month how will i be taxed??? and how will be the taxation system if the equity delivery i am holding i sell after the taxation last date or if i sell before taxation date??i will invest in only equity in intra day and delivery mode.