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(Querist)
18 January 2017 If an assesse had purchased & sold shares on the same day, then whether it will be taxable as speculative business or as STCG 111A? Please quote section no. also Thanx in advance.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 January 2017 It is a speculative transaction as per section 43(5) of IT Act.

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