23 August 2014
I own a propwritership business which is tax audited. I had shares in own demat/trading account of rs 1.5lac in which I hardly did transactions in earlier years. Last year I traded in shares for some 50 days during sept. to december months . in which I rotated shares also did some intraday transactions. after that the position is same. now question is how those transaction will be shown.. ? what if I don't show any transaction and simply pay tax on profit earned..? and gain/loss is capital gain or business income/loss
CAclubindia
