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Consultants, I’m planning to be a full time dealer, means proprietary buying and selling utilizing my very own capital solely. Not planning any particular person to be employed for. Solely self might be buying and selling.For that, do I would like the store act license or some other necessities in order that I can present my bills occurred and have some taxation profit.
Thanks.
Not essential to register enterprise/GST, you may file ITR-3 for private buying and selling “enterprise” and declare buying and selling associated bills (web, brokerage, GST, STT) and depreciation (laptop computer).
The taxation module on varsity explains every little thing intimately:
Varsity by Zerodha
Markets and Taxation – Varsity by Zerodha
The module covers the taxation facet of investing/buying and selling within the inventory markets. The method of calculating P&L, fee of taxes, submitting ITR returns, and many others.
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