Taxability of income from share trading in partnership firm
This query is : Resolved
10 January 2018
Madam/Sir,
I have incorporated a Partnership Firm for the sole purpose of Investment in Stock Market. We are doing this investment activity through a stock broker.
No other business activities are done in this partnership firm.
Now, the income arising from this business has to be treated as Income from Business or as Income from Capital Gains.
Kindly guide me.
Thanks in advance
I have incorporated a Partnership Firm for the sole purpose of Investment in Stock Market. We are doing this investment activity through a stock broker.
No other business activities are done in this partnership firm.
Now, the income arising from this business has to be treated as Income from Business or as Income from Capital Gains.
Kindly guide me.
Thanks in advance
11 January 2018
If trading in shares is repeated, it leads to commerce, meaning thereby gain/loss is PGBP.
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