Capital gain or business/profession


venkata krishna reddy (chartered accountant)     19 January 2016

venkata krishna reddy
chartered accountant 
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my client doing "Trading Shares" through Demat. his transactions in DEMAT around 2crores. my query is can i file I.T.Return under PGBP or Capital Gain.

Akshay (Senior Assistant)     19 January 2016

Akshay
Senior Assistant 
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If it is a one time trading then it would be taxed under capital gains Else if he does it regularly then it would be taxed under PGBP. Transactions through demat account or other manner (apart from few exceptions) doesn't affect the taxation as per my knowledge. Hope this clears the doubt.

avater

venkata krishna reddy (chartered accountant)     19 January 2016

venkata krishna reddy
chartered accountant 
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Thanks akshay 


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