Paying taxes or buying shares?

Question

I am a sole trader, is it true that instead of paying my tax I can buy shares .If so what percentage of my wage do I have purchase on shares.

Answer 1

If trading shares is your job, you will have to pay income tax on it like regular income.

You will have to pay capital gains taxes if you keep the shares a year or longer.

You can't purchase shares to avoid tax of any kind.

If your income exceeds last year and you haven't paid as much income tax as last year, you will be charged a penalty.

Answer 2

in the journey that your buddy pick to purchase shares and function demat account, there is not any situation, he do no longer could pay any taxes. whilst he opens a demat account all suggestions approximately source of earnings is taken alongside with PAN No., that's a could. yet he has to pay tax whilst he sells those shares at earnings, each so often the tax