Dear All;
I have done some equity trading on NSE listed shares over two months regularly. For Income Tax Return I will have to file ITR 4 and show Equity Trading as my Business Income / Loss, correct me if wrong. But, recently my colleague brought me a thought that, equity trading can be shown as Income / Loss from Capital Gain / Loss (Short Term) instead of Business Income. Now, I'm bit confused:
Wheather to show Equity Trading as Capital Gains or Business Income in ITR.
Please help me out. Thanks
CAclubindia
