Fall of income in which head
This query is : Resolved
26 March 2014
IF A PERSON HAVE DEMAT ACCOUNT AND HAS DIFFERENT TYPES OF SHARES PURCHASED AND SOLD DURING A F.Y. AND IS ALSO CONDUCTING A BUSINESS OF OTHER THINGS.
IN WHICH HEAD THE INCOME RECEIVED FROM SUCH SALE OF SHARES IN 1 YEAR WILL FALL, i.e. IN P.G.B.P. AS TRADING OR S.T.C.G. ?
IN WHICH HEAD THE INCOME RECEIVED FROM SUCH SALE OF SHARES IN 1 YEAR WILL FALL, i.e. IN P.G.B.P. AS TRADING OR S.T.C.G. ?
Nikhil Kaushik
(Expert)
26 March 2014
it can be covered under capital gains as long as you you keep the same in investment (DP account) and dont indulge in non-delivery trades.
29 March 2014
THANK YOU SIR, BUT PLEASE GIVE ME SOME DETAILS ABOUT NON DELIVERY TRADES. I'M LIL'BIT CONFUSED
ABOUT IT.
ABOUT IT.
Nikhil Kaushik
(Expert)
29 March 2014
non delivery transactions shall be covered under business income.
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