Share market income tax calculation

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Share market income tax calculation
Query (Issue) Started By: - Mohit Agarwal Dated:- 23-5-2017 Income Tax
Income Tax
Hello, A software professional makes a revenue of 20lakhs in a year. Wi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ll use 44ada for this. So profit is at 10lakhs. She also does share trading. Intraday profit: 1lakhs. Short term capital Loss: 2lakhs. Future and Options Loss: 3lakhs. She used margin trading, so sh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e was charged interest of total 2.5 lakhs. How does this work? Which losses can be carried for how many years so it can cover next years profit(if any). Also, where can this margin trading interest .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... be deducted from? Thanks for your help.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X