My Tax query:
I want to know
1. Do I have to get audited?
2. how to calculate short, speculative, long term gains. Is there a software which can calculate and give me all the results?
My profile is something like this
I do NSE, BSE Equity cash Trading, Equity Futures (Indiainfoline), Equity Options (india infoline), Currency futures (icici direct).
My volume (stock rate * lot size) is huge Equity and Equity Futures is huge. each crossing more than 1 crore.
I am software engineer by profession. and trading i do out of interest and time pass, it is not my primary source of income.
Earning in Equity futures and currency futures in negative.
Earning in Equity Cash is like 7 lakhs.
Please tell me.
Would be very thankful.
I want to know
1. Do I have to get audited?
2. how to calculate short, speculative, long term gains. Is there a software which can calculate and give me all the results?
My profile is something like this
I do NSE, BSE Equity cash Trading, Equity Futures (Indiainfoline), Equity Options (india infoline), Currency futures (icici direct).
My volume (stock rate * lot size) is huge Equity and Equity Futures is huge. each crossing more than 1 crore.
I am software engineer by profession. and trading i do out of interest and time pass, it is not my primary source of income.
Earning in Equity futures and currency futures in negative.
Earning in Equity Cash is like 7 lakhs.
Please tell me.
Would be very thankful.
