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Vishnu kumaran

Stealth • 10m

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?

Phanirockzzz

Stealth • 10m

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

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