Firm - Doing Share Trading as one of business activity

Vijaykumar Chandrasekaran (24 Points)

09 December 2021  

Hi

I have a Partnership Firm & we do Share Trading as one of the business activity [which is shown in the Partnership Deed]

I have following queries

Does the Share Trading Capital Gains [Be it Short Term or Long Term] come as business income 30% taxable? or can I avail the Short Term Capital Gain 15% taxable & Long Term Capital Gain beyond Rs 1 Lakh 10% taxable?  What Tax % I need to opt for?

Thanks,

Vijay