Intraday Trading Taxes

Podcast Duration: 04:01
Income tax on intraday trading profit in india Intraday trading has increased in popularity and practice over the past few years. There are many reasons for this. The primary reason is that intraday trading allows traders to not be affected by overnight market swings. This goes a long way to ensuring their peace of mind because financial markets are fickle and sometimes open many points lower than they closed the night before.

Intraday traders short term price fluctuations se profits kamate hain. There is an art and science to predicting price volatility, whether it be long term or short term. Isliye yah kaha ja sakta hai ki intraday traders scientists bhi hai, aur artists bhi.

Trading ka dusra tareeka hai value investing. Value investors take long positions in companies that they believe have fundamental value. Then they hold on to their positions for years. They wish to profit from the core strengths of the businesses that they invest in.

Value investors and intraday traders are taxed differently. Value investors per long term capital gains tax lagta hai. Ye tax intraday traders per applicable nahin hai kyunki intraday traders long term investment nahin karte. Instead, their profits are considered as business income and are taxed accordingly. Business income is added to a person's total income and they are obliged to pay according to the prevailing tax rates.

Intraday trading karne ka ek fayda yah hai ki aap apne losses se bhi thoda benefit nikaal sakte hain. Nahin samjhe? Maan lijiye ki equities trade karte waqt aapka 50000 rupaye ka loss hua hai. Equities se hue profits and losses speculative profits or losses kahin jaate hain. Aapko speculative profits per tax toh Dena hota hai, per aap speculative losses apne total taxable income se deduct kar sakte hain.

Therefore speculative losses in the intraday market help you reduce your tax burden.

Similarly maan lijiye ki intraday market main aapne future yah options trading ki. Future ya options trade karte waqt agar aapko loss hota hai toh usse non speculative loss maana jayega. Your non speculative loss for the year can be deducted from the income you have earned through rent or through fixed deposits. Non speculative loss aap apni salary se deduct nahin kar sakte. Aur agar aap current financial year mein non speculative loss ka deduction claim nahin karte, toh aap aane waale 8 saalo tak apni speculative income se vo losses deduct kar sakte hain.

Therefore you can set off the losses you may incur through trading equities or derivatives by decreasing your taxable income. Apne losses adjust karne ke baad aap apni remaining tax liabilities ko prevailing tax code ke antargat pay karenge.

Therefore you must keep an account of all your intraday trades. Keeping track of which trades are speculative and non speculative will help you get deductions at the time of filing income tax returns.

Yah baat note karne jaisi hai ki long term capital gains per fixed tax lagta hai. No tax is levied for long term capital gains of one lakh rupees or less. Above 1 lakh rupees a flat tax rate of 10% is charged. Business income, that is, income from intraday trading, is charged differently. The tax rate is progressive instead of flat. As the income increases, the applicable tax rate also increases.

चलिए, एंजेल ब्रोकिंग की तरफ से आपको आज के अलविदा. ये podcast शेयर करना ना भूलियेगा - याद रखियेगा की ज्ञान बाटने से बढ़ता है । और फिर अंत में तोह financial markets एक ऐसी university है जिसमे कोई professor नहीं, सब students ही है ।