HI,
Please answer m following questions
1. Whats the income tax amount on delivery based equity transanction? Is it flat 10% irrespective of other source of income?
2.How is total incomecal culated? Is it sum of all profits achieved in different scrips minus sum of all loss incurred in different scrips?
3. Whether loss in particular srip can be carried forward for delivery based transaction?
4. Whats the tax audit limit on delivery based equity transanction in a year ? Is it calculated by sum of total buy and sell or is it sum of total profit and loss?
5.When should I pay the income tax for capital gains earned in the year 2007-08? Is it by march 2008 or march 2009
Please answer m following questions
1. Whats the income tax amount on delivery based equity transanction? Is it flat 10% irrespective of other source of income?
2.How is total incomecal culated? Is it sum of all profits achieved in different scrips minus sum of all loss incurred in different scrips?
3. Whether loss in particular srip can be carried forward for delivery based transaction?
4. Whats the tax audit limit on delivery based equity transanction in a year ? Is it calculated by sum of total buy and sell or is it sum of total profit and loss?
5.When should I pay the income tax for capital gains earned in the year 2007-08? Is it by march 2008 or march 2009