Shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2010
Hi
Respected Sir.
Can any one tell me sir?
If a person totally engaged in buying and selling of shares for 1 weeks then whether he can show such income as business?
If not then why whether it is written and if it written then in what section of income tax act.
Respected Sir.
Can any one tell me sir?
If a person totally engaged in buying and selling of shares for 1 weeks then whether he can show such income as business?
If not then why whether it is written and if it written then in what section of income tax act.
01 August 2010
Yes he can show it as business income. Shares will be treated as stock in trade.
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