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Income from Securities transactiona

Others 1150 views 1 replies

I'm a salaried employee. I have income from securities transactions for the Assesment year 2007-2008. I have income from delivery based transaction and day trading. I'm doing the share business on almost all business days. i.i., the frequency of transactions is day-today.

How should I offer the Income to tax? Should it be treated as Business Income or Income from Other sources - Investment Income?

Replies (1)
Intraday done by u is speculative transaction should be offered in Speculation business income. Pl. get your account audited if either of sale/purchase cross limit of Rs.40 lacs.


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