Accountancy, asked by itssme4023, 6 hours ago

Are stock earnings considered income?

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Answered by rishiramanuja

Answer:

capital gains. When you treat the sale of shares as business income, you are allowed to reduce expenses incurred in earning such business income. ... Also, long term gains from equity above Rs 1 lakh annually are taxable, while short term gains are taxed at 15%.

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