ICICI share trading under BTST scheme
This query is : Resolved
22 April 2008
If a person trades under the BTST(Buy today sell tomorrow) scheme whcih is being offered by ICICI to its online share traders,is the profit made considered as speculation profit?
22 April 2008
UNLESS DELIVERY BASED ,IT IS SPECULATIVE BUSINESS INCOME.
ONLY DERIVATIVE TRADING IS CONSIDERED NON SPECULATIVE.
R.V.RAO
ONLY DERIVATIVE TRADING IS CONSIDERED NON SPECULATIVE.
R.V.RAO
22 April 2008
it will be taxable under business income because here the intention of the assessee is earning profit not holding up the assets and getting some return from it.
23 April 2008
The activities performed by the person is in the nature of business
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
