Taxation of profits from trading in Equity F&O
Hello,
I trade in Equity F&O on NSE via Online Brokers.Typically i hold any futures position for 3-7days. I want to ask whether profits generated through F&O are taxable as Short term capital gains(at 15%) or as Income from other sources(my tax slab).
Asked 7 years ago in Capital Gains Tax
Can i Carry forward the loss incurred in such type of business activity ? or adjust it in my other business income (i have a rental business also).
Asked 7 years ago
As i can deduct expenses from the income like internet expenses, brokerage etc. , can i also deduct expenses incurred for availing Advisory services for trading ? and can that advisor be an individual with no registered firm or company ?
Asked 7 years ago