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Taxability of online equity trading

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Suraj Singh

Suraj Singh (Querist)
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28 July 2013
Dear Sir,

I am having a DEMAT A/c from which i got the profit of Rs. 8808 by online trading.

Sir i want to know whether this profit is taxable?

If yes, in which head of sources of income this has to be shown?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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12 August 2013 If the profit was earned by way of intra-day trading then it is taxable as speculative income under the head income from business.

If the profit was from normal transactions then the income is taxable under the head Capital Gain.

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