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tax on intraday trade

Tax Implications for Intraday Traders and How Gains from Trading are Taxed LTCG or STCG?

Basics:

The stock market is second to none when it comes to investment, since many investors and traders actively participate in trading and profit from it.

There are two sorts of investors:

1.Those that keep stock investments for more than a year and report their earnings as LTCG (long term capital gains).

2.Those who keep equity assets for more than a day but less than a year are the second category of investor and report their earnings as STCG (Short term capital gains).

Every financial market has a variety of investors, each of which uses a different method to attain their financial objectives. As a result, each investor’s return on investment (ROI) may differ.

As … Read the rest