Let’s say I have 20L salary income and 10L trading income. What’s the best way to minimise taxes on trading income for e.g. claiming expenses, forming private company etc. ?
Not a tax expert but at high level:
- 20L salary you may go for new Tax regime that may save you roughly around 30-50K in tax
- 10L Trading income: Expenses a Trader Can Claim in ITR | Learn by Quicko