I am a retired govt employee and do share trading. How income tax is calculated?1 min read 16 Oct 2022, 07:04 PM IST
The CBDT has issued a circular in February 2016 stating that whether the income from listed share should be treated as business income or capital gains, the first choice is with the tax payer and the assessing officer is bound to accept the choice so made. Such choice can only be made in case the shares are held for more than 12 months
I am a retired government officer and have income from Pension. I am doing trading in equity shares. I do not want to claim any expenses for my 'Share Trading Activity'. Can I pay tax at flat rate of 15% on my income from share-trading or this income would first be added to my pension income and then tax would be calculated as per normal slabs?
Select your Category