Dear Sir, Could you please let me know the procedures and rules to open a small investment firm with online trading in equity stocks and commodities. Also,if I only invest through that company for period more than 1 year, what are the various tax liabities. kindly help me in this matter.
RE:start the small investment firm
by praveen bothra on Jan 16, 2007 11:15 AM Permalink
If you hold the shares for more than a year i.e. for 365 days in the listed stock of BSE 500&NSE than you need not pay any tax on the profit earned as this will be LONG TERM profit from listed stock.
