I want to invest 1 lakh borrowed mony for day trading as well as delivery based trading . what are the taxes and how can i get tax benifits.i am not doing any other job or business. just completed my MBA
Day trading is very risky and you should only try that with extra income that you can live without. Since you are asking this question I know you are not qualified to trade at that level. Most brokers will want you to have at least $25,000.00 deposited in your account before you can Daytrade so you need to be aware of that. The stock market can be very lucrative but you must know what you are doing.
Ask a question or leave a reply