I wnat know about the tax calculation trading profit.
The taxation for Stock market related activities would vary depending on whether you’re an investor, trader. It’d also depend on what instruments you are trading. A detailed explanation on the entire taxation for Stock markets is discussed on a Z-Connect blog here: http://zerodha.com/z-connect/traders-zone/taxation-for-traders/taxation-simplified
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M a student 21 years old…m planning to invest in equity they zerodha.if my profit from share is less than 2.5lakh annually…even though my turnover may exceed 4-5 lakhs.do I need to pay income tax?I have heard that we have to pay 10% of our income as tax. ITR4…I have no other income