Tax
Sir,
I have opened an SBI online trading Demat Account from which I have purchase & sell shares of different companies online. I want to know that is there any burden of Income tax as I have not filled any return since I have applied & received a PAN CARD from IT Dept.
Asked on 3/30/09, 6:35 am
2 Answers from Attorneys
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
Re: Tax
since the nature of business you do is short selling it does not covered by any capital gains,so obviously the question of Income tax never arises.
Answered on 3/30/09, 11:52 am
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: Tax
HELLO
GOOD AFTERNOON!
There is no point here that taxation problem arises.
Go Ahead!
In case of need please contact personally alongwith the details.
OR
FOR FURTHER QUERY PLEASE MAIL.
Answered on 4/01/09, 6:26 am
Related Questions & Answers
-
Tax Rate on Joining Bonus I will be receiving the Joining bonus from my firm for... Asked 3/06/09, 5:03 am in India Tax and Taxation Law
-
Taxation( India) Sir, I would like to know from anybody whose wel versed in Indian... Asked 3/06/09, 12:51 am in India Tax and Taxation Law
-
Service Tax on Purchase of a Flat Dear Sir, This has reference to the answer by... Asked 3/05/09, 1:39 am in India Tax and Taxation Law
-
Retrechment Is the compensation at the time of retrechment is taxable. How to save... Asked 3/04/09, 9:12 pm in India Tax and Taxation Law
-
Service Tax on Purchase of a Flat I have been purchasing a Flat from the Builder at... Asked 3/03/09, 5:47 am in India Tax and Taxation Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
