Please look into this my doubt,
http://www.traderji.com/taxation-matters/101989-options-save-tax-full-time-option-trader.html
http://www.traderji.com/taxation-matters/101989-options-save-tax-full-time-option-trader.html
Hello,
I trade only nifty options(full time trader), and was able to genarate over 10 lakhs income per annum.
my total turnover net P/L is 50 lakhs < 1 crore and also income > 8% of 50%, therefore I realized no need of audit.
Now, I did google search and found how can I save tax.
Non tax - 2,50,000
80cc - 1,50,000
rent - 24,000 (next yr 60000)
medical - 15,000
------------------------
4,39,000
My earning is over 10 lakhs, and I want to know more options to save tax. Please suggest all possible with amount limit i can claim.
I trade only nifty options(full time trader), and was able to genarate over 10 lakhs income per annum.
my total turnover net P/L is 50 lakhs < 1 crore and also income > 8% of 50%, therefore I realized no need of audit.
Now, I did google search and found how can I save tax.
Non tax - 2,50,000
80cc - 1,50,000
rent - 24,000 (next yr 60000)
medical - 15,000
------------------------
4,39,000
My earning is over 10 lakhs, and I want to know more options to save tax. Please suggest all possible with amount limit i can claim.