1.Should I pay taxes for the Profits which are still in the trading account of the broker and “wallets” of MF aggregators…and have not been transferred into my Bank account.
My logic is to reinvest the profits and transfer back into my bank account after a period of 5-7 years.
So in that 5-7 years , I am not realizing any profits(ie, nothing comes into bank account for me to spend,rather, money goes from my bank account (obtained via salary for which I have filed ITR-1) )
2.What do I do if there are losses for a FY under the same scenario.
(All happening in trading account and “wallets” of brokers and MF or Investing service providers)