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That is true. I am listed as a trader, and it is the bottom line that the tax department is worries about.ie: basically you can trade once or a million times in a year, and if at the end of the year, you made 100 grand profit, then that is your taxable income.Hope that helps.
That is true. I am listed as a trader, and it is the bottom line that the tax department is worries about.
ie: basically you can trade once or a million times in a year, and if at the end of the year, you made 100 grand profit, then that is your taxable income.
Hope that helps.
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