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Tax on share trading, Income Tax |
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Tax on share trading |
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Hi, I did some share trading with money that my husband transferred to my a/c. There are some short term profits and some are long term. How taxation is considered in this case where I used money from my husband? Regards, Padma Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
The income should shall be taxable in either of the spouse .
Thanks! Ganeshan, I have one more doubt based on your reply. you mentioned "either of the spouse", in this case my husband is in 30% slab. But I might fall under less than 2.5 lac slab ( means no tax). In this case who is considered for paying tax on the income of profit earned on share trading. Regards, Padma
You may consider it in your ITR as income is earned by you out of share trading. Page: 1 Old Query - New Comments are closed. |
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