Capital Gain and business and profession +share transactions
This query is : Resolved
binal salot
(Querist)
12 June 2011
hello,
pls tell me that when i m declaring profit from short term trading as business profit can i claim profit from IPO alloted shares as capital gain
will this treatment will be correct?/
Thanks in advance
pls tell me that when i m declaring profit from short term trading as business profit can i claim profit from IPO alloted shares as capital gain
will this treatment will be correct?/
Thanks in advance
CA PARAS BAFNA
(Expert)
12 June 2011
You can do so.
It's only you who has to prove the treatment as correct as you are the best judge of your transactions.
Investment in IPO proves the investment motive of the assessee.
It's only you who has to prove the treatment as correct as you are the best judge of your transactions.
Investment in IPO proves the investment motive of the assessee.
Message likes :
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binal salot
(Querist)
22 June 2011
i think there can be two type of portfolios for one person one can be of investment and another of trading and we can show income similarly from CG and Business Correct?
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