Tax implications in trading (stocks/demat)?

[Arvind kumar]

1. Can anybody tell me how much complexity is added due to demat account while filing a tax returns?

2. Is it wise to do such trading on the name of wife (house wife - no other source of income)?
3. Will it force me to file a tax return for my wife even if I decide not to use my demat account?

Thanks in advance
Arvind

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[Master]

1. Can anybody tell me how much complexity is added due to demat account while filing a tax returns?

Not Much, Just add income from Shares in the IT Return. There is a flat 10% tax on short term profits and 0% tax on capital gaing over 1 year.

2. Is it wise to do such trading on the name of wife (house wife - no other source of income)?

Yes, You may save income upto 190,000.

3. Will it force me to file a tax return for my wife even if I decide not to use my demat account?

Not required.