I have noticed when we BUY/SELL equity shares , we pay STT , service tax , transaction tax etc during trade transaction.
Do we again have to pay tax to Govt from our profit ? If so Is there any quality service which helps their customer to calculate and filing Tax from equity profits ?
I think Brokers dont do the Tax calculation and filling...right ? Is there any reputed service for this ?
Could you please share your experience ?
Thanks
Do we again have to pay tax to Govt from our profit ? If so Is there any quality service which helps their customer to calculate and filing Tax from equity profits ?
I think Brokers dont do the Tax calculation and filling...right ? Is there any reputed service for this ?
Could you please share your experience ?
Thanks
The profit that you earn from trading such as profit on the sale of equity shares, profit from F&O or Intraday transactions should be reported in the Income Tax Return. You must also pay tax on the profits as per the applicable tax rates.
I had used Quicko to file my Income Tax Return last year. It was simple, quick and user friendly especially for a taxpayer like me.