Intraday Trading Legality India

Summary

Government employees in India are typically prohibited from engaging in speculative activities like intraday trading due to service conduct rules. However, their adult children, even if financially supported by them, are not bound by these restrictions. It is important to ensure that any money given is transparent, and any profits from trading are declared for tax purposes. Additionally, all trading activities should comply with legal standards, avoiding insider trading or other illegal activities.

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but as a government employee , i cannot do intraday trade right?
As a government employee in India, you are generally restricted from engaging in speculative activities, which includes intraday trading, due to service conduct rules. However, your adult son, who is unemployed and using the pocket money you provide for intraday trading, is not bound by these rules. Ensure that all transactions are transparent and tax obligations are met.
Would you like more information on the tax implications for your son?