@ arpana....
1st u have to decide whether you hold equity share for investment or for trading...
If for investment -it will result into capital gain.
If for trading-then speculative buss loss/profit...
Now the ques is how to decide whether equity share held is fo investment or trading..i.e how to identify nature of such holding..
there are some SC case laws which give direction for this...
for eg....1)volume of trading
2)treatment in Books of accounts. etc
now r u clear ???