Short Term Trading

Tax implication of income from day trading and short term capital gain (equity)?

I am a house-wife and my only source of income is trading in shares – both intra-day as well as short term. What are the applicable tax rates considering my specific case.

Is your income in one FY more than Rs 1.9 lakhs? Only then you have to pay tax.

Income from intra-day trading is considered as business income. Income from delivery based trading is considered as capital gains. All depends on the period of holding.

HMT

Short Term Day Trading online in the Stock Market May 18