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
Menu
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.
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
