Way to treat trading in shares ?

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Riddhish Desai (Querist)
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13 November 2008 I have consider trading in shares as capital gain.
Whether there is any case laws which support this treatment. Plz give reply as soon as possible.

Deepak Agrawal

Deepak Agrawal (Expert)
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13 November 2008 consider trading in shares as capital gain: What is meaning of this line ?

Gayathri Devi

Gayathri Devi (Expert)
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13 November 2008 If your business is dealing in shares means it is taxable under the head Profits & Gains from Business or Profession if not then taxable under the head Capital Gain

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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13 November 2008 In otherwords, you have a choice. But once you havwe chosen an option you have to live with that.

Ravikumar.G

Ravikumar.G (Expert)
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17 November 2008 Dealing in shares without actual delivery of the same is speculation business u/s 43(5) of the act.

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