Capital gain or business/profession


chartered accountant

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.
 
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Senior Assistant

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.
 
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chartered accountant

Thanks akshay 

 
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