If i buy stocks from the Fno Profit... will it be taxable same year or the tax liability is defered to the next year

AskMeAnything
1

if i buy stocks from the Fno Profit… will it be taxable same year or the tax liability is defered to the next year.

2

Hey @Rajendra303,

Your profits from F&O trading will be taxable as business income. You can re-invest the profits in stocks, however, this will not affect your tax liability and you will have to pay taxes on the F&O profits in the same year.