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Income from shares

This query is : Resolved 
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(Querist)
23 August 2019 DEAR SIR KINDLY HELP ON THIS
MY CLIENT INCOME FROM
1.SALARY IS 1200000.
2.CAPITAL GAIN FROM STOCK MARKET.

SPECULATIVE EQUITY GAIN = 40220
SHORT TERM EQUITY LOSS = -290280
LONG TERM EQUITY GAIN = 110552
SO TOTAL LOSS IN STOCK EXCHANGE IS 139508..

ON THE OTHER HAND
HE RECEIVED DIVIDEN FROM EQUITY TRADING AS ABOVE IS 110520
AND FROM MUTUAL FUND IS 296600.

NOW QUESTION IS

1. AS PER READING SPECULATIVE GAIN ON INTRA DAY WILL BE REPORTING IN BUSINESS INCOME AFTER DEDUCTING EXPENSES RELATED TO.ITS BUSINESS INCOME?
2.SHORT TERM AND LONG TERM GAIN LOSS IS EQUAL TO -179728..(-290280+110552).. UNDER CAPITAL GAINS.
3.AND DIVIDEND FROM TRADING OF SHARES AND MUTUAL FUND IS 407120.IS EXEMPT FROM TAX?
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harshit darji

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harshit darji (Querist)
23 August 2019 kinldy help on this query
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 September 2021 Yes, all the assumptions are correct...
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