intra day transaction of shares
This query is : Resolved
CA Parul Saxena
(Querist)
15 December 2010
Hello friends.
Please tell me whetherintra transactions are considered as speculative income or not & if it is the at what rate it will be taxed.It would be of flat rate of 30% or normal slab rates.
Everyone please share your views.
Thanks.
Regards
Parul Saxena
Please tell me whetherintra transactions are considered as speculative income or not & if it is the at what rate it will be taxed.It would be of flat rate of 30% or normal slab rates.
Everyone please share your views.
Thanks.
Regards
Parul Saxena
CA. R. B. SAH
(Expert)
15 December 2010
inta day transaction is speculative tansaction. it shall be taxable at slab rate if assessee in an individual.
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