Security transaction tax
This query is : Resolved
sidambaraselvan
(Querist)
18 August 2013
Which will be applicable for me either (1) showing income from shares as business income or (2) showing income from shares as capital gain.
As I am doing my work at home itself as a typist as well as accountant for nearby traders. I like to invest my earnings in shares.
Which will be benefit for me either (1) showing income from shares as business income or (2) showing income from shares as capital gain.
As I am doing my work at home itself as a typist as well as accountant for nearby traders. I like to invest my earnings in shares.
Which will be benefit for me either (1) showing income from shares as business income or (2) showing income from shares as capital gain.
CA PARAS BAFNA
(Expert)
18 August 2013
It is to be judged by yourself on the following basis-
1. In case of frequent and voluminous transactions you have to show business income.
.
2. Where borrowed funds are used and interest is required to be paid , it is better to show as Business Income.
.
3. Where you have a long term perspective and do occasional transactions, having patience you may earn LTCG (exempt)-then show capital gains.
.
1. In case of frequent and voluminous transactions you have to show business income.
.
2. Where borrowed funds are used and interest is required to be paid , it is better to show as Business Income.
.
3. Where you have a long term perspective and do occasional transactions, having patience you may earn LTCG (exempt)-then show capital gains.
.
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