Stock Trading and Other Things

If I am a government servant and If I do online trading, how the tax will be calculated ?

If I am working in a Government sector, and If I get profit in online trading, what is the procedure of paying tax?

Public Comments

1. In my opinion, government servant is not allowed to do so.

2. you can do it
both are in her/his place a government servant also do the work
reason .....
1... on line trading a/c ( it;s called demat a/c is also aplifite in SEBI .. SEBI mean secruritise exchane board of india
it;s work to promoting and fear tread
as i think both r calulate sepretly

3. Income of government servants is not given any special treatment by ITD.

Share trading on delivery basis might result in CGs.

STCGs are taxed @ 15%
LTCGs are tax free.

Income from Intraday Share trading is treated as 'Income from Business' which is one of the 5 heads of income. Income tax will be paid at slab rate.

HMT

4. You may decalare the short term or long term capital gain to your employer and he will ensure the tax deduction at source on your salary income plus income from capital gains. If you do not want to disclose the income before your employer then you can deposit the tax on your own at any banks accepting taxes for central govt. However you must get the correct calculation of tax required to pay from any qualified tax consultant.