Securities transaction tax


This query is : Resolved 

16 August 2013 What is the difference between

- If income from trading is shown as business income

and

- if income from trading is shown as Capital Gain

Kindly clarify

16 August 2013 if income is shown as business income then provisions applicable for cal business income under sec 28-44AF shall be applicable.

for capital gains as per capital gain provisions.

16 August 2013 if stt paid on sale of long term eq shares shall be exempted u/s 10.


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