Trading of Shares online on daily basis
This query is : Resolved
15 March 2010
Income received from trading of shares online on daily basis will be taxable under which head for computation of total Income.
Aditya Maheshwari
(Expert)
15 March 2010
As the turnover of purchase & sale will be high it should be taxable under business income
15 March 2010
If the delievery of the shares is not taken i.e. only intraday transaction is being done then it is Speculation Business and taxable under the Head Business & Profession.
CA Ashok Kumar Sahu
(Expert)
15 March 2010
i agree with expert
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