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 :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
