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tax imlication for intraday trading of stock market

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20 November 2007 what is the tax implication of intraday trading done by a person once or twice in every week.i.e neither he is comming under as a invester nor comming under as a trader.
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CA. Kirti S. Ganatra

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CA. Kirti S. Ganatra (Expert)
20 November 2007 Intra day trading means dealing without taking delivery. So, any type of transaction where we did not take delievery it is speculation. So, it will be taxed in speculative profit/loss. It might once in a day or many times a day.
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