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| Discuss Tax implications - Day Trading. at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, Can someone please explain the latest and greatest tax laws/rates related to day trading ... |
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#1
17th July 2008, 12:30 PM
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Tax implications - Day Trading.
Hi,
Can someone please explain the latest and greatest tax laws/rates related to day trading ?? Thanks in advance. Regards, Chirag 
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#2
18th July 2008, 04:42 PM
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Re: Tax implications - Day Trading.
Quote:
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#4
11th August 2008, 05:42 AM
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Re: Tax implications - Day Trading.
As far as my internet research goes...as long as you are paying STT on your daily transactions, it would be classified under the 15% bracket. To qualify for these lower taxes on sale of shares, a Securities Transaction Tax (STT) must have been paid on the sale transaction. In India, STT has been applied on all stock market transactions since October 2004 but does not apply to off-market transactions and company buybacks; therefore, the higher capital gains taxes will apply to such transactions where STT is not paid.
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#5
24th August 2008, 04:24 PM
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Re: Tax implications - Day Trading.
Can anybody reply to me about the day trading(Business income)? After all this Tax matter..., I noticed that ,the day trading is very popular,and many investors go to DAY TRADING. I would like to know if it is at all profitable to go for DAYTRADING? TKS. MENZIAS
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#6
24th August 2008, 04:38 PM
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Re: Tax implications - Day Trading.
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You should work hard learn the techniques before day-trading. It will take about 9months to an year for this. It is greed that makes a man pauper; knowing this people become greedy and ruin themselves. The other side is always greener. vps
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| The Following User Says Thank You to vpsarathy For This Useful Post: | ||
Boona (28th October 2008) | ||
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#7
20th November 2008, 12:53 PM
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Re: Tax implications - Day Trading.
Freinds.........
I am confused.....income from day trading is speculative income or general business income.....and what is the rate of tax for speculative income.... I do not have any other profession ie I trade for living Thanks in advnace.
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