Short term capital gain..
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2014
Hallo friends,
I just want to ask, whether an assessee who has income as short term capital gain on share trading is subject to 15% tax..? If he has no other income even no interest income at all.
I just want to ask, whether an assessee who has income as short term capital gain on share trading is subject to 15% tax..? If he has no other income even no interest income at all.
30 March 2014
yes. please refer section 111A....
02 August 2014
In my opinion, if the assessee has no other income, then income earned on share trading can be treated as business income and will be exempt upto basic exemption limit.
02 August 2014
Yes Sir it can be. but historical treatment of such income by the assessee and other factors such as the intent, frequency and nature of transactions etc shall play important role in determining the taxation of the income
02 August 2014
Agree with you Sir.
More details about the assessee would be required to provide the right advice.
More details about the assessee would be required to provide the right advice.
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