banner_ad

C.G. vs Business Income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 July 2007
what are the grounds of diffrence between a person making investment as a shareholder or otherwise (as a businessman).
How can we prove that we are making investment in shares as a shareholder so that profit on sale of shares is chargeable @10% instead of slab rates.
Profile Image

Aditya Nemani

Profile Image

Aditya Nemani (Expert)
24 July 2007 The basis for the same would be the treatment metted to the shares purchase / sale i.e. whether the same is being treated as investment or as stock.
Further points for determination of the same would also be the frequency of the transactions, whether the person is a regular trader in the derivatives market, other sources of income being earned, etc. However, even though the CBDT has tried to clarify the issue, there is still a lot of ambiguity that remains in this area which is going to result in a definite legal tussle with the taxman on a case to case basis.
Profile Image

CMA Gul S

Profile Image

CMA Gul S (Expert)
14 September 2007 Hi Vishal,

Aditya is very much correct.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details