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Thanks a lot for ur prompt reply... What i wanted to know was whether i should file the profit as capital gain (15% tax) or as business income?

Hi.. I have been trading in both equity and derivatives market.. I have a profit of 1,00,000 in equity(delivery type).. I have a loss of 22,000 in F&O.. Can the F&O loss be squared up against equity gain? what would be the % of tax that i need to pay?

Thanks a lot for ur prompt reply... I just wanted to know, 1.when do we file under "Business Income" and what percentage do we have to pay tax? 2. For paying STCG tax online, i need to fill Challan ITNS - 280 . But what option do i select, self assesment tax or advance tax?

Hi diosys I have been going through ur thread, you are doing a great job of clarifying tax related queries. My query is that, I have been trading in equity(delivery type) and have a profit of 1,20,000 1. Do i file this profit under short term capital gain or business income? Which...