Tax implications in trading (stocks/demat)?

[Arvind kumar]

1. Can anybody tell me how much complexity is added due to demat account while filing a tax returns?
2. Is it wise to do such trading on the name of wife (house wife - no other source of income)?
3. Will it force me to file a tax return for my wife even if I decide not to use my demat account?

Thanks in advance
Arvind

[Master]

1. Can anybody tell me how much complexity is added due to demat account while filing a tax returns?
Not Much, Just add income from Shares in the IT Return. There is a flat 10% tax on short term profits and 0% tax on capital gaing over 1 year.


2. Is it wise to do such trading on the name of wife (house wife - no other source of income)?
Yes, You may save income upto 190,000.

3. Will it force me to file a tax return for my wife even if I decide not to use my demat account?

Not required.