Under which head share market income comes?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2018 Respect Sir/Madam

If we earn amount from Share market . In which head we should calculate in ITR?

Thanking You

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

09 April 2018 1. Day trading and derivatives under Income from speculative business.
2. If securities are treated as investment than under "Capital Gain"
3. If treated as business - Income from Business and profession

Message likes : 1 times

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

09 April 2018 dear Suresh Ji,

please note that derivatives don't come under speculative business.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2018 Speculative Business Means.........Please inform me

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

11 April 2018 a transaction of purchase or sale of a commodity including stocks and shares settled otherwise than by actual delivery or transfer of the commodity or scrip is a speculative transaction

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2018 Thanks for information sir

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

11 April 2018 and therefore speculative transactions don't include derivatives

Message likes : 2 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now