I want to setup a Pvt ltd just to save taxes form trading, that is the only purpose of setting up the company. Now if I open an account under any broker I need to submit income proof for trading in F&O. How is that an option for me? . I don’t do any business, from where do I show any form of income proof when the sole purpose is to trade and make money? @siva-reddy @ShubhS9 or any other trader, can you please share your insight on this.
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My sincere advice is never think of a Private Limited company if the sole purpose is investing/trading in stock markets and saving taxes.
Firstly a company should be registered as an NBFC with RBI to trade/invest in stock markets.
Yearly compliance with ROC, RBI.
You cannot move funds to your individual status with avoiding taxes and that too it shall be double taxed (once in company, secondly when you transfer profits to your individual status by way of dividend/commission/other ways ).
Advised considering you are saving below 25 lakhs in taxes and running the company for a short term(maybe 10yrs).