Saturday, August 13, 2011

If a person make income from share by demat account so he will also become income tex range or not ? Reply me?

Not necessary. Just because you trade or invest in share does not mean that you would come in taxable income. If you are a trader i.e. if you purchase/sell shares at regular intervals, your profit or loss at the end of financial year will be taken as your current year's income. If that income is less than Rs. 1.60 lacs, you are not taxable. Even if that income exceeds Rs. 1.60 lacs, you can invest money in tax savings instruments upto Rs. 1.00 lacs and still be out of taxable income limit.

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