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under which head to charge this income

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2010 if a person gets profit from trading in stock exchange where this should be charged?under capital gains or prfit from business or profession?
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CA Navin Jain

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CA Navin Jain (Expert)
22 September 2010 IF HE TRADING IN STOCK AS A PERSONAL CAPACITY THEN CHARGED AS CAPITAL GIAN AND IF TRADING AS BUSINESS CHARGED AS BUSINESS INCOME

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