Results 1 to 2 of 2

Thread: Tax implications in trading (stocks/demat)?

  1. #1
    PolicyWala Fan
    Join Date
    Apr 2009
    Location
    Agra
    Posts
    57

    Exclamation Tax implications in trading (stocks/demat)?

    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



  2. #2
    PW Stalwart Master's Avatar
    Join Date
    Feb 2009
    Location
    Mumbai
    Posts
    438

    Default

    Quote Originally Posted by Arvind kumar View Post
    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.


Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •