Whether PGBP or CG

This query is : Resolved

Kranthi Kumar (Querist)
Follow

02 July 2009 if the assessee is regularly trading in the stock market along with other business activities whether to consider the incomes from such trading under the head PGBP or CG ? what will be the point of distinction between the both??

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
Follow

02 July 2009 Very thin line of distiction. Generally, we treat it investment if it is held for a period of one month or more. But no prescribed guidelines for this in my knowledge.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
Follow

02 July 2009 IF ITS INTRADAY OR F&O THAN IT WILL BE SPECULATIVE INCOME AND OTHERS AS SHORT TERM OR LONG TERM DEPENDING UPON THE FACTS.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R M Shekhaliya

Amit Goyal

SHRI HARIRAO

Frank

Pushkar Nagda

Subscribe Now

Whether PGBP or CG

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Accountant

Manager- Finance and Compliance

Senior Executive

GST CONSULTANT

CA Final