Comment on Taxation for Traders - Introduction
commented on
16 Dec 2013, 07:29 PM
Tharun,
It depends on how you declare your trading activity as, if you declare it as a business i.e if you are trading actively all activity of yours in the market will be considered as a business, do read through the blog once.
Bug in gist:
1. F&O trading has to be considered as a business, so this gets added to your salary or other business, and have to pay tax according to the slab you fall in.
2. Delivery based trading, if holding for more than a year, 0% tax and if less than a year than 15% as Short term tax on the gain.
Cheers,