security transaction
This query is : Open
Rohil sadiwala
(Querist)
26 August 2016
my client doing share trading in delivery basis is total purchase and sale value around 5 crore can I have consider this transaction as short term capital gain or loss
Kaushik Joshi
(Expert)
27 August 2016
If the volume of transactions is huge and there are daily transactions then I'd suggest you to show it under business income and get his books audited.
but if number of transactions are less and amount is huge, go for investment and capital gain. it all depends on the intention of assessee.
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