Required suggestion for taxability of such practice
This query is : Resolved
Sanjay Tiwari
(Querist)
29 July 2013
if im a salaried person and also do transactions in shares but only for self and not for others so transaction of such shares is taxable under other sources or in business or profession.please suggest asap.
CA PARAS BAFNA
(Expert)
29 July 2013
If regularly trading in shares: Show in the head business income.
.
Otherwise income has to be shown under the head Capital gains.
.
Otherwise income has to be shown under the head Capital gains.
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