how a share consultanat taxable
This query is : Resolved
nageswara rao narayana
(Querist)
05 August 2010
a share consultant , that he purchases shares and sales shares with in 2 to5 days. is that income taxable under busines income or short term capital gain.he is doing business from 1 year. plz clarify me.
Aditya Maheshwari
(Expert)
05 August 2010
Looking at the holding period and frequency of transaction it will be treated as business income.
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