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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 March 2010
whether the intra day sale purchase amount to Speculation business ? profit from this business taxable under which head & Rate ?
CA Mohd. Ubaid
(Expert)
10 March 2010
Intra Day Trading is a Speculation Business. Profit From Intra Day Trading is Taxable Under The Head Profit & Gains From Business and Profession But Its Nature Would Be Speculative Business.
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