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Tax implications on trading with Technicals

Discussion in 'Chit Chat' started by monilhathi, Dec 11, 2012.

  1. monilhathi

    monilhathi New Member

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    Hi Shabbir,

    I have seen many boarders booking profit (or losses) in days/months. What are the tax implications of such trading? I know 15% tax is charged on equity for short term gains, less than 1 year. But should we then not keep our post-tax returns in mind? In such cases, our post tax returns should be at least more than FD interest rates post tax, about 6.5%?
     
  2. shabbir

    shabbir Administrator Staff Member

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    Tax on FD is also there if you make more than certain amount which I am not sure off because my FD income is never above few hundreds.