STCG from Shares subject to STT
This query is : Resolved
Krunal Patel
(Querist)
11 September 2010
Dear Experts.
I have two incomes from Transfer of Securities subject to STT.
1. Interday Gain and 2. Intraday Profit.
How to treat both of them?
I have two incomes from Transfer of Securities subject to STT.
1. Interday Gain and 2. Intraday Profit.
How to treat both of them?
Aditya Maheshwari
(Expert)
11 September 2010
Intraday profit is speculation business income.
Delivery trading will be either capital gains or business income depending upon the factors as mentioned in circular no. 4/2007.
Delivery trading will be either capital gains or business income depending upon the factors as mentioned in circular no. 4/2007.
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11 September 2010
Agreed with Adiya Ji.
Intraday profit is speculative income
And interday gain is depend on whether you hold it as invesment or as stock in trade.
Intraday profit is speculative income
And interday gain is depend on whether you hold it as invesment or as stock in trade.
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