Hello
I have put 50 lakhs in stock market way back 3 years ago.
Now i have made it double in 3 years.now it is 0.98 Cr.
I have never withdraw any money from my trading account.
I want to know whether i dont have to or have to pay any taxes if i donot withdraw money from my trading account.
I only have to pay taxes on profit when i withdraw money from my trading account to bank account. Am i right?
If i donot willing to withdraw any money for 3 years i donot have to care about taxes right?
but after 3 yrs when i withdraw money i have to pay taxes correct?
Or income tax officers will check trnsction of every trading account?
all of the profit is by doing intraday
I have put 50 lakhs in stock market way back 3 years ago.
Now i have made it double in 3 years.now it is 0.98 Cr.
I have never withdraw any money from my trading account.
I want to know whether i dont have to or have to pay any taxes if i donot withdraw money from my trading account.
I only have to pay taxes on profit when i withdraw money from my trading account to bank account. Am i right?
If i donot willing to withdraw any money for 3 years i donot have to care about taxes right?
but after 3 yrs when i withdraw money i have to pay taxes correct?
Or income tax officers will check trnsction of every trading account?
all of the profit is by doing intraday
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