treatment of share profit
This query is : Resolved
29 January 2008
i have large no of transactions regarding shares during the years.In other words i m doing business in shares. i just want to know whether i should calculate LTCG & STCG separately or should take all profit as business income without calculating LTCG & STCG seperately.Whether we can treat securties transaction Tax as TDS in any of above two situations.Plz send me the ans at my email ID medjdj786@gmail.com
CA. GOPAL SONIKA
(Expert)
04 March 2008
As ur dealing in shares, the profit shall be taken to be the business income.STT is not a TDS.
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