Comment on Taxation for Traders - Introduction

Hi Zerodha Team,

i need suggestions regrading tax on my investments . i work for mnc earning CTC 5.25 lakhs per year and from my salary i transferred 4 lakhs to my father and invested in stockamarket on his name . he got profit 6 lakhs profit in F&O segment and lost 1.3 lakhs in equity (short term only ) . my doubt is should i show profits of my father in my filings or it is should be showed only in my father filings ? and how much tax he approx need pay , he dont have any other income .

kindly please reply

Thanks & Regards,

Ravindra

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