Archive for the ‘swap’ tag
share trading
share trading
I am a NRI,gained short capital gain by share trading.How do i calculate my taxation?
I gained Rs 50,000 by share trading in the couple of months.I have no other income in India.Is there any tax for that amount.If there how do I calculate my due tax.
Pl ignore the ans given by Jayant K.
You have directly assumed that you have incurred STCGs. You might have incurred ‘Profit from Business’. day trading activity in shares is considered a business. Depends on your holding period and many other things.
Any way your income is far below the taxable limit of Rs 1.6 lakhs.
HMT