for example if i buy some alt coins like 1000 for $200 and hodl for 1 week.
and if i sell the alt coins 1000 for $500 for profit after 1 week.
Does i belong to trader.......? or investor please explain.
It differs depending on where you bought and sold and let us take two examples to explain it:
First example:
An explanation of how taxes are calculated on profits:Suppose, for example, that you bought 1 Bitcoin at a price of 10,000 dollars and an exchange rate of $1 = ₹90 >> ₹900,000.
Now you sold at $ 11,000 and nd an exchange rate of $1 = ₹95 >>> ₹1,045,000.
So the part that will be taxed is ₹1,045,000 - ₹900,000 = ₹145,000
as it is considered a capital gain profit.
Second example:
You are buying/selling altcoins using anonymous platforms:In this case, since you do not send any of your personal data, all transactions are not considered taxable and therefore there is no need to report it. The part that will be subject to taxes when you make the final withdrawal and transfer to the local currency.
Third example:
You are conducting exchanges using a central platform:Here the situation is a little complicated:
All transfers that you make will be subject to what happened in the first example and therefore you must calculate it and the profits you get will be subject to the capital tax.
I hope it becomes clear.
For more and source Read here ---->
https://bitcointalk.org/index.php?topic=5206607.msg54447056#msg54447056