Share income
This query is : Resolved
17 October 2015
if I start in share investing rs 1 lakh and after a year I double that money so as per laws I am not liable to pay capital gains but what if I make this a chain and keep on doing it for 10 years in a streak after 10 years I make
5cr12 lack with just starting with 1 lakh so what are the taxes I am liable in this situation from all tax point of view.
17 October 2015
No tax payable if you are selling all your shares after a holding period of one year.
17 October 2015
Results of repeated trading in securities has to be necessarily declared yearly under the head 'profits and gains of business or profession' and CANNOT claim exemption under 'capital gains'.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Invoice V/S Goods receipt Note Date
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Regarding appeal to GSTAT
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
