Markets and Taxation
As a trader in India, you should be informed of the taxes applicable to your investments and trades. This module outlines essential topics like calculating your turnover, preparing balance sheet and P&L statements, and filing your Income Tax Returns.
8 chapters
Introduction to Trading Taxation
Why taxation matters for traders. Overview of tax rules for market participants.
Classifying Trading Income
Business income vs capital gains. How classification affects your taxes.
Short Term and Long Term Capital Gains
STCG and LTCG tax rates. Holding periods for different securities.
Speculative and Non-Speculative Income
Intraday trading taxation. Futures and options tax treatment.
Calculating Turnover
How to calculate turnover for different types of trades. Tax audit thresholds.
Cryptocurrency Taxation
Tax on crypto gains in India. VDA taxation rules and reporting.
Preparing Tax Documents
Balance sheet, P&L statement, and books of accounts for traders.
Filing Income Tax Returns
ITR forms for traders. Reporting trading income and capital gains.