A individual who is having salary income get the profit from stocks trading , short term capital gain.. his sales turnover (stocks) Rs.25,00,000.00 and purchase turnover(stocks) Rs.24,00,000.00 .. can he show this turnover and profit Rs.1,00,000.00 as professional income.
15 December 2021
No. Its not professional income. If Intraday trading, it comes under Speculative business income. If delivery based investment, declare it under Capital Gains.
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