Comment on Taxation Simplified

Hafiz commented on 26 Feb 2014, 09:57 PM

I do on and off trades in futures buying stock and sells them when they are in profit or sometimes loss and or carry forwarding them also and simultaneously in same account I keep the delivery of equity of stock for 2-3 months ….
I’m in profit from stock futures and I have earned from deliveries of equities.
Should Gains of stock future fall in general tax slab? And gains from equity stock which I keep for 2-4 months fall in short term capital gain slab? or both fall in same slab ?..what should I show myself while filing it returns trader or investor…
You are doing a wonderful job by helping newbie like me who doesn’t know anything about taxes please clear this confusion also

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