Comment on Taxation Simplified

Nithin Kamath commented on 08 Mar 2014, 11:04 AM

1. Query can come on anything Tilak, but what I have explained is the usual practice followed by most traders
2. If there are only 2 trades, you can show STCG under the capital gain head and Futures profits under business income.
3. STCG: 15% of 12lks, 5lks of future is added to any other income and after deducting expenses tax is paid according to the slab you fall in.
4. In case you show it together, 17lks is added to your other income, reduce your expenses and tax paid according to the slab you fall in. Slabs mentioned in the first part of the blog.


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