Comment on Taxation Simplified

Nithin Kamath commented on 12 Mar 2014, 10:09 PM

In case of equity, the turnover will be purchase value + Selling value = 90lks

But here is the thing though:

If you are choosing to show equity trading (short term and long term) under capital gains head and not as a business income, you will have to pay 15% as STCG and this turnover won’t add to your business turnover(F&O turnover).

If you are choosing to show equity trading also as your trading business, then you will need to add 90 lks to 30lks, so 1.2 crores, and pay taxes according to the slabs. But the good thing here is that you can claim on all your expenses.

Whatever stance you take, it is best to stick to it for long term and not keep changing it based on your convenience.


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