Can a vrs candidate trade equity through demat account?
D ROY
(Querist) 16 August 2021
This query is : Resolved
Please inform me whether a VRS person who takes VRS from PSU, can trade equity through demat account. Give the Indian rules.
P. Venu
(Expert) 17 August 2021
What is the context for this query?
D ROY
(Querist) 18 August 2021
Is there any restriction, if one person who takes VRS from PSU in 2019, wants to trade share within a year after retirement. Please highlight the restricted points.
Dr J C Vashista
(Expert) 19 August 2021
After retirement from service the employee is can opt any profession / business of his / her choice.
K Rajasekharan
(Expert) 19 August 2021
No rule disallows any retired person or a person in service trading shares for investment purposes using a Demat account and gain short term or long term capital gains.
Even government encourages the officers in investing in long term mutual funds (ELSS) by allowing tax benefits under 80 C of the income tax act, as well.
For a retired person he is free to engage in even day trading which is treated something equivalent to a business.
T. Kalaiselvan, Advocate
(Expert) 04 September 2021
There is no restrictions for the person who had come out of the service by VRS to involve in trading activities including intra day trading
