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Taxability under which head

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(Querist)
01 June 2015 Sir,

Assesse has purchased gold form E gold auction done by bank,and then sold in later.

He has made some profit form it.

As it is not a regular business for him, the profit made form this will be taxed under which head.

The holding period for gold is less then a month.

Would it be STCG or business income or income from other sources.

Thanks in advance....
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 June 2015 gold should come under capital transaction.....
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Saurabh Garg

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Saurabh Garg (Querist)
01 June 2015 Thanks sir for ur reply...




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