How one can setup a Proprietary Trading Firm, any registration needed with SEBI, other formalities, etc?

[Jason_Castelino]

@Venkat_Krishnan

Asking because there’s an opportunity to convert F&O gain into STCG and hence pay lower taxes.

Had a post on this.

Tax Planning: Convert FNO profits to STCG

As we are aware, FNO income is taxable under the head ‘Income from business and profession’ and the gains we generate on trading shares on delivery basis is taxed ur the head ‘Capital Gains’ The existing tax rates applicable are as follows Income from business: Slab Rates Story term capital gain: 15 percent Considering the above I was planning a strategy to reduce my tax liability and I would like to share the same here. Requirements for this strategy to work: FNO income falls in 30 perce…