Sir/Madam, one small doubt,
I am an employee and a part time trader, I am earning consistently from very recently from positional trading, duration ranging from 1-5 days for each trade, I am earning good profits, but I want to create long term wealth creation by investing in Stocks and earn Dividends ( perfect source of income)
My doubt is if, I have gained a profit of 15-20 lakhs in a financial year from positional or Intraday trading and invest same profits in stocks for long term wealth creation
Am I still have to pay, taxes under income tax for that financial year
As net gains from stock market will be zero, only things will be Deductions from the trades, as I have invested entire profits in Stock market self
Please clarify my doubt, will be waiting for it