What expenses can a freelancer claim?

Income Tax Income from Business or Profession
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3

Hi @sann,

Tax on trading income depends on the type of trading you engage in. For delivery-based trades, the income is classified as capital gains.

Here’s a detailed read on how capital gains from stocks will be taxed.

Moreover, for intraday or F&O trading which is treated as business income, tax is applicable at a slab rate which can go up to 30% if you fall in the highest tax slab.

Here’s a thread where this has been discussed in detail: How are profits from intraday and F&O trading taxed?

Hope this helps!

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