Comment on Taxation Simplified

Nithin Kamath commented on 22 Feb 2014, 01:54 PM

Mohan, you can actually consider yourself as an investor cum trader, investor because you are holding long term investments. Show 2 portfolios, 1 as long term and one as trading. Show all your trading activity in futures in the trading portfolio, one of those things that you can do to be safe is do all your intraday equity trading in a different demat&trading account.

This way you can claim all the benefits of exemption on all your long term gain, and still do futures trading. Hope this clarifies, do consult your CA about this.

Cheers,

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