Audit under Income Tax for LLP

Not mandatory under IT act.

The accounts of every LLP should be audited in accordance with Rule 24 of LLP, Rules 2009.

Hi sir... A LLP has been alloted  shares from the market via Pref Warrants. The LLP has been formed for this purpose. Want to know the capital gains/ Income tax  implications upon the sale of those shares over a period of time. Will it be considered Capital Gains only or will it be taxed as Income Tax. What are the tax brackets.