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Vishnu kumaran

Stealth • 8m

Paying tax on stocks are mandatory but how do I do it? Because I buy sell and again this process repeat. How should I do it?

6 replies16 likes

Replies (6)

Saikumar Chigicherla

Stealth • 8m

We need to download the Tax P&L from Brokers website then professional will analyze the holding periods whether is it within year or more than year and separate treatment for dividend income received if any...

0 replies1 like

CA Manohara Madineni

Stealth • 8m

Hi, The type of tax would depend upon longterm or short term capital gain. Similarly losses can also be setoff. Please comsult a professional to get exact numbers for your scenario

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0 replies

Anonymous 3

Stealth • 8m

You can't do much unfortunately unless you go the illegal route. Sadly it's the middle class which bears all the load. Do you know only 5% of entire Indian population pays taxes

1 replies3 likes

Anonymous 2

Stealth • 8m

Keep a CA to manage your finances. They will take care of it.

0 replies3 likes

Phanirockzzz

Stealth • 8m

In tax there are 2 types of tax cutoffs you have 1. Short term tax cut: of you buy and sell the stock intraday or below an year the tax is 15% or something I don't have perfect numbers. 2. Long term capital gains: if you have that stock over an year in your demat account then the cutoff is 10% or something. I don't know exactly. These things you can't do exactly. Pls consult an charted accountant. This is the reason they exist. If you don't pay an dif they find out you have very hard penaltys remember.

0 replies5 likes

Anonymous 1

Stealth • 8m

I think tax is cut during your transaction itself.

0 replies3 likes

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