i want to know how is anyone classified as investor or trader of shares in the eyes of income tax
does investment in liquid funds also include as investment
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How is anyone classified as trader or investor of shares in income tax
Replies (2)
Being trader or investor is merely assessees' decision and income tax does not decide the same.
If volume and transaction count is more assessee becomes trader otherwise merely long term investment then investor.
Trader do same day buy or sale or buy today and sell tomorrow, whereas investor invest for capital appreciation for and for a period of say one moth to 5 to ten years.
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