Is the income coming from trading is taxable?

Question

i am new to trading. i want to know whether the income coming from trading is taxable? if so, please tell me the percentage and other details if any.

thanku.

Answer 1

Yes it is taxable. Basing on your trading profile consult a tax consultant or chartered accountant. They will be guiding you accordingly.

Answer 2

yes it is taxable, for details u contact auditor

Answer 3

Yes, it is taxable. The amount of tax you pay depends on the local and federal regulation of your area of operations.

Answer 4

yes it is taxable, 5% of your total income you got

or if you do trading through reliance money  you need not to pay tax         for more details conact reliance money

Answer 5

If you are using a demat account where STT is already deducted, the nett profit (total profit minus total loss) for the FY will taxed at 15% for this FY in case of stocks held in your account for less than or equal to 365 days; if you hold for more than 365 days, the profit will not attract any tax.

Answer 6

Yes, it is taxable.

If it is trading in stocks, then tax on short term capital gain for FY 2008-09 is 15%. Long term capital gain tax is nil.

Read about Capital gains, computation of capital gains and income tax rates on capital gains: http://mytaxes.in/index.php?topic=30.0.

For all the available Exemptions from Capital Gains under Sections 54, 54B, 54D, 54EC, 54F, 54G, 54GA, read: http://mytaxes.in/index.php?topic=31.0.