I just startted some on line trading of shares through a broker house. I deposited 1 lakh and I got a reasonable return with in month month through short term gain ( about 10% return in one month. Now I am thinking of putting more money . Can U advise me the tax imlication for the short term gains and how it will be deducted. Is there any thing called tax on speculative gain ? The broker house told me that we have to pay 15 % flat on capital gain. Is there is admissible deductions for that. How can I reduce the tax burden
