Capital gains for trading in shares

mihir (Querist) 17 June 2015 This query is : Resolved
Sir, I am a 20 years old last year graduation student living in maharashtra. I am a part time trader in stock and commodity market mostly trading intra day. my queries are how will be the tax structure for my profession and what expenses cane be exempted from income???

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Anirudh (Expert) 17 June 2015
Nothing is exempted from your stated income. You are only eligible for deduction of allowable expenses.

malipeddi jaggarao (Expert) 18 June 2015
Agreed with expert Mr.Anirudh.

mihir (Querist) 18 June 2015
ok sir thanks a lot. But at what % it will be charged???

Rajendra K Goyal (Expert) 18 June 2015
Consult local tax consultant with details.

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