Best structure for taxation when sharing 50% profit with my friend for F&O income

Income Tax Income from Business or Profession
1

Hi Team,

My friend is a full-time F&O trader and doing quite well for himself. I told him to trade from my demat account and split the profits 50-50 which I transfer to him online. Kindly tell me the best way to keep documents (professional fees receipts, etc) so that I can exclude his share of 50% profit when computing my final business income.

Also, please recommend the best way to structure this arrangement when it is this kind of profit split & trading from my demat account. I am not interested in opening a partnership firm as the capital deployed is quite small and I am not sure how long this will continue.

Thanks.

3

I’m bumping to get a reply.

4

i am a secured hedge trader . would like to have a talk with you …