Hi diosys,
Somewhere I read that short term capital gains will be taxed at a flat rate of 15%. so does that apply here rather than considering the slab ?
Please correct me if I am wrong.
Thanks,
Sameer.
Somewhere I read that short term capital gains will be taxed at a flat rate of 15%. so does that apply here rather than considering the slab ?
Please correct me if I am wrong.
Thanks,
Sameer.
Dear,
According to me you are doing business of trading and would be taxable under business category....You would be allowed deduction of your expenses from your income...Taxation of options and futures is always business income...
The slabs for the previous year for females are
1 to Rs. 1.8 lac - Nil
1.8 to 2.5 - 10%
2.5 to 3.5 - 20%
above 3.5 is 30%.
According to me you are doing business of trading and would be taxable under business category....You would be allowed deduction of your expenses from your income...Taxation of options and futures is always business income...
The slabs for the previous year for females are
1 to Rs. 1.8 lac - Nil
1.8 to 2.5 - 10%
2.5 to 3.5 - 20%
above 3.5 is 30%.