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Capital gain or business turnover

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(Querist)
06 November 2020 Sir,
Assessee trading shares on the basis of delivery basis through Stock Exchange paid STT. How to treat the trading of Sales turnover as business income or STCG on shares(assume holding below 12 months)?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 November 2020 It's STCG as it's delivery based trading.
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Rave Erd

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Rave Erd (Querist)
07 November 2020 Sir, If the holding period more than 12 months and sold?



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 November 2020 It's long term capital gains.

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