Namaste to all knowers and masters ...
This is thread I am startting to just give single place where all beginners can ask whatever they want in the field of stock trading et. al....
I will take lead here ... Anybody have time for me and all likes of mine , please take some time for us...give some helping hand...Rest of the climbing will be our job!
Q1: - What are the taxation norms for traders viz...a) Day traders b) Weekkly traders c) Monthly delivery traders d) Yearly delivery traders?
Q2 -: How come taxation department comes to know how much I have earned through day trading and how much delivery trading?
Q3: - I had initially deposited Rs. 17500/- for trading activity and now I have lost Rs. 3000 and withdrawn 7000/- from it and put it in my savings account... So is this 7000/- taxable? will it be considered as day trading or simply trading profit? But it is not such as facts I see... so how taxation dept comes to know that I have yet to make a profit?
Q4: - If I earn 1 Lakh at the end of financial year ... How can I/tax Dept. separate out what are my day trading gains and what are my delivery gains? Does my broker gives such a statement?
Q5: - At the end of financial year if I have made some profit but it is still in my demat account and I hadn't withdrawn it but I have invested it in stock then will that amount be taxable?
Q6: - When company distributes their profits to share holders? What is the time period?
Q7: - If one invests in some company for whole year and one takes same amount of share delivery a month before profit distribution then they both get same profit since both are holders??
.... please clarify if you can and have time ...
Thanks,
priyanvada
This is thread I am startting to just give single place where all beginners can ask whatever they want in the field of stock trading et. al....
I will take lead here ... Anybody have time for me and all likes of mine , please take some time for us...give some helping hand...Rest of the climbing will be our job!
Q1: - What are the taxation norms for traders viz...a) Day traders b) Weekkly traders c) Monthly delivery traders d) Yearly delivery traders?
Q2 -: How come taxation department comes to know how much I have earned through day trading and how much delivery trading?
Q3: - I had initially deposited Rs. 17500/- for trading activity and now I have lost Rs. 3000 and withdrawn 7000/- from it and put it in my savings account... So is this 7000/- taxable? will it be considered as day trading or simply trading profit? But it is not such as facts I see... so how taxation dept comes to know that I have yet to make a profit?
Q4: - If I earn 1 Lakh at the end of financial year ... How can I/tax Dept. separate out what are my day trading gains and what are my delivery gains? Does my broker gives such a statement?
Q5: - At the end of financial year if I have made some profit but it is still in my demat account and I hadn't withdrawn it but I have invested it in stock then will that amount be taxable?
Q6: - When company distributes their profits to share holders? What is the time period?
Q7: - If one invests in some company for whole year and one takes same amount of share delivery a month before profit distribution then they both get same profit since both are holders??
.... please clarify if you can and have time ...
Thanks,
priyanvada