WebNov 29, 2024 · The income from such investments comprise two kinds of income: dividend income or interest income and capital gains or profit on sale or redemption of such securities. In India, the tax rates for ... WebMay 19, 2024 · a) Listed shares: If you are selling listed shares which you have held for a period of more than 1 year, then the gain arising from such sale is called as long terms capital gains. Long term capital gains on sale of listed shares exceeding Rs. 1,00,000 is taxed at 10% under section 112A of the Income-tax Act.
My wife does intra-day trading with money I gave her. How income tax …
WebApr 13, 2024 · If you trade too frequently inside your Tax-Free Savings Account (TFSA), you could get taxed on the income generated. Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Kim Parlee to discuss a recent ruling from the Tax Court of Canada that highlights the potential risks of day trading inside your TFSA. Here's what you should know. WebJul 18, 2024 · Updated: 18 Jul 2024, 12:47 PM IST Ashwini Kumar Sharma. Intraday trading can be done through a demat account. Photo: Ramesh Pathania/Mint. Gains/losses incurred on intraday trading is, however ... topvision heimkino beamer 9500
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WebAny company that prints tax documents on paper larger than standard letter size should stub their corporate toe every morning. 185. 61. r/taxpros. Join. • 20 days ago. Web5% (this is of the amount that exceeds 2.5 lakhs) ₹5-₹10 lakhs. ₹12,500+20% (amount exceeding ₹5lakhs) ₹10 lakhs and above. 112,500 + 30% (amount exceeding ₹10 lakhs) Let us understand this with the help of an example. These are the slabs, and according to this, your intraday profits are usually taxed. WebFeb 4, 2024 · For the short-term capital gain, investors/traders have to pay a flat 15% as STCG Tax on their profits. It doesn’t matter which income tax slab you are in, you have to pay a flat short-term capital gain tax of 15%. For example, Let’s say your annual salary is Rs 12,00,000 and you have a short-term capital gain of Rs 50,000. topvision g26 jump starter pros-cons