I do not have any source of income other than online share trading will I be paying that 10% capital gain tax?

u will have to pay tax if your income (profits) for thw whole year exceeds 1,50,000/ if your income from share trading and all other sources does exceed this amount, then there is no need to pay tax and file a tax return.
I do not have any source of income other than online share trading will I be paying that 10% capital gain tax?
yes
Reply:Perticulartly on-line transactions are recorded through credit card transactions. No matters what way you are earning, if it is capital gain you will have to pay the said tax.
Reply:yes
Reply:If you gain, pay tax without pain
Reply:This all depends upon o your nature of trade





=if you are buying selling shares as investment than the tax will be





in case you holds the shares more than 1 year





no tax





in case you hold the share less than 1 year





15 % subject to exemption limit of 150000 means no tax upto


150000 if there is no other income other than shares.





=if you are buying %26amp; selling shares as a business than the profit will treated as business income and tax will paid according to slabs of income tax in which you falls





upto 150000 nil


150000-300000=10%


300000-500000=20%


more than 500000=30%





in this case you can also claim 80CCC %26amp; other deduction benefit .





read related links





http://simpletaxindia.blogspot.com/2008/...





http://simpletaxindia.blogspot.com/2008/...