Tax on share trading

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..... Tax on share trading
Query (Issue) Started By: - Padmalatha Gali Dated:- 27-12-2016 Last Reply Date:- 28-12-2016 Income Tax
Got 3 Replies
Income Tax
Hi, I did some share trading with mon .....

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..... ey that my husband transferred to my a/c. There are some short term profits and some are long term. How taxation is considered in this case where I used money from my husband? Regards, Padma Repl .....

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..... y By Ganeshan Kalyani: The Reply: The income should shall be taxable in either of the spouse . Reply By Padmalatha Gali: The Reply: Thanks! Ganeshan, I have one more doubt based on your reply. yo .....

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..... u mentioned "either of the spouse", in this case my husband is in 30% slab. But I might fall under less than 2.5 lac slab ( means no tax). In this case who is considered for paying tax on th .....

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..... e income of profit earned on share trading. Regards, Padma Reply By Ganeshan Kalyani: The Reply: You may consider it in your ITR as income is earned by you out of share trading.
Discussion For .....

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..... um - Knowledge Sharing .....

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