taxes

#1
If i have rs 10000 in my a/c and Iam doing intraday trading using margin money,the whole turnover on my a/c will be very high. For eg 10000*10
*250 days.All this money will be shown in my a/c irrespective of if i make profit or i loose all my money.Will I be liable to pay taxes.Pl guide me.
 
#2
If i have rs 10000 in my a/c and Iam doing intraday trading using margin money,the whole turnover on my a/c will be very high. For eg 10000*10
*250 days.All this money will be shown in my a/c irrespective of if i make profit or i loose all my money.Will I be liable to pay taxes.Pl guide me.
You will only be liable for I-Tax if your net profit for Financial Year is more than exceeds your taxable limit. Turnover in your a/c has nothing to do with taxes.
 
#5
If i have rs 10000 in my a/c and Iam doing intraday trading using margin money,the whole turnover on my a/c will be very high. For eg 10000*10
*250 days.All this money will be shown in my a/c irrespective of if i make profit or i loose all my money.Will I be liable to pay taxes.Pl guide me.
I also had a big confusion regarding this.. until I read this blog updated by my broker Zerodha.. I think this may be useful to you too: http://zerodha.com/z-connect/blog/view/taxation-simplified
 

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