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
MANAS ROUT
(Expert)
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
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