Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It only takes a minute to sign up.
Sign up to join this community
When I make profit on one trade and loss on second in same day (both intraday trades), do I pay tax from profitable one (and from whole profit) or I pay tax from difference between profit and loss?
I hope in second, but need to be sure.
What my tax will approximately be? Intraday position as an foreign portfolio investor? (seen some horror rates like 40% - I hope its not normal in India)
It is sum total or net amount. Either profit or loss. This is taxed as short term capital gain at discounted/fixed rate of 20%.
If this is more than your salary income, it is treated separately and taxed at normal rates.
