Hi Guys
Plz start discussion about this issue. Plz fight against this..
im taking first step.. Plz support me.
My self intraday trader and in huge loss. (no issues with my loss..)
My issue: Why traders specially Intraday traders need to pay income tax.
just see below example.
Almost 17 lakhs gave from trading to brokers and Government. for only govt approx 12lakhs in 3 years.
1. We are earning money and giving life to some employees of brokers.
2. We dont have any escape way in these taxes. So we sincerely paying above taxes to govt.
3. So we r generating good income to govt sincearly.. And we also earning. But again govt need income tax from us. They are not catching who escaping in illegal ways.
4. But we all are doing legally by mentioning pan card with bank officially.
Another ex:
Take 2014-2015 transactions:
( all figures roughly to understand my angry)
1. If i made 10lakhs profit means im in tax slab. again i need to pay incometax of 3 alkhs.
So i will get around 7 lakhs in my hand.
2. if i made loss of 10lakhs ... 10lakhs +6lakhs= 16 lakhs my total loss..
--> In this situation govt is going to help me?? Answer no..
In that type of situation why govt not returning my taxes which they got from trading???
Plz guys We will start a moment....: "No tax on loss trades. Take taxes and brokerages on only profit trades"
We are giving daily huge money to govt.. If we stop one month Its big slap for indian economy. Govt also need to support us. Nowadays lot of people choosing trading as career. Plz Lets start discussion and share ur views.
Plz guys.. oneday may be u will also face this situation. Come on open and raise ur voice.
"Taxes only on profitable trades."
Plz forward to all traders like us and share in FB whatsapp etc.. come on be united.....
:clap::clap:
:thumb::thumb:
Yours..
Sincere trader.
Plz start discussion about this issue. Plz fight against this..
im taking first step.. Plz support me.
My self intraday trader and in huge loss. (no issues with my loss..)
My issue: Why traders specially Intraday traders need to pay income tax.
just see below example.
PHP Code:
Year 2013-2014
Brokerage 123697
CTT 204888
Service Tax 27136
Education tax 814
Stamp charge 382
Transaction charge 102441
Total 459358
Paid to only Govt excluding brokerage 335661
PHP Code:
Year 2014-2015
Brokerage 133732
CTT 223085
Service Tax 29433
Education tax 883
Stamp charge 4900
Transaction charge 111576
Total 503609
Paid to only Govt excluding brokerage 369877
PHP Code:
Year 2014-2015
Brokerage 177480
CTT 295676
Service Tax 41547
Education tax 719
Stamp charge 3700
Transaction charge 147849
Total 666971
Paid to only Govt excluding brokerage 489491
1. We are earning money and giving life to some employees of brokers.
2. We dont have any escape way in these taxes. So we sincerely paying above taxes to govt.
3. So we r generating good income to govt sincearly.. And we also earning. But again govt need income tax from us. They are not catching who escaping in illegal ways.
4. But we all are doing legally by mentioning pan card with bank officially.
Another ex:
Take 2014-2015 transactions:
( all figures roughly to understand my angry)
1. If i made 10lakhs profit means im in tax slab. again i need to pay incometax of 3 alkhs.
So i will get around 7 lakhs in my hand.
2. if i made loss of 10lakhs ... 10lakhs +6lakhs= 16 lakhs my total loss..
--> In this situation govt is going to help me?? Answer no..
In that type of situation why govt not returning my taxes which they got from trading???
Plz guys We will start a moment....: "No tax on loss trades. Take taxes and brokerages on only profit trades"
We are giving daily huge money to govt.. If we stop one month Its big slap for indian economy. Govt also need to support us. Nowadays lot of people choosing trading as career. Plz Lets start discussion and share ur views.
Plz guys.. oneday may be u will also face this situation. Come on open and raise ur voice.
"Taxes only on profitable trades."
Plz forward to all traders like us and share in FB whatsapp etc.. come on be united.....
:clap::clap:
:thumb::thumb:
Yours..
Sincere trader.
No Income tax for traders.. Lets fight
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