Tax query on Stock investment
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Guys, My mom doesn't have any income source. if I transfer money to my mom's bank account and create a demat account for my mom and invest there .
would dividents /profits be taxed ?
would dividents /profits be taxed ?
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https://www.desidime.com/discussions/tax-query-on-stock-investment?page=1#post_10080854
As per slab. Ltcg and stcg ll also be applicable.
https://www.desidime.com/discussions/tax-query-on-stock-investment?page=1#post_10082118
| Extract from Mint newspaper:
" An individual, is eligible to consider the benefit of progressive slab rates and can adjust the basic exemption limit ( ₹3 lakh under new default tax regime ) against LTCG, as may be remaining after adjustment against incomes other than capital gains, to the extent prescribed." |
https://www.desidime.com/discussions/tax-query-on-stock-investment?page=1#post_10098896
business income below 7 lacs is non taxable right ?? @bikidas2060 ' @tappukepapa @BubbleBoyChickenLittle
if yes what if business income is above 7 lacs i.e 8 lakhs how much taxable?
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taxation would be as per the income slab
tagging @bikidas2060 for more info