Income from trading of shares

Do you do it intraday coz income from intra-day trading is considered as speculation income & will be taxed under PGBP. While speculation losses can be set off only against speculation gains, non-speculation business losses may be set off against short/long-term capital gains. Any type of Income where actual delivery does not happen comes under SI. Similar thread /experts/speculative-income-14581.asp AND /forum/speculative-non-speculative-business-57258.asp

Thanks for the reply.....kindly clarify if i bought a share and taken delivery of the stock. After one week if i sell the stock than it will be considered as capital gain instead of speculative income as i have taken the delivery.

Kindly suggest whether my understanding is correct or not.

That will either be business income or capital gain. That depends on the intention of the assessee whether it has held the share as stock or as investment. But since delivery has already taken place, it is not a speculative transaction

Intra day trading of shares and commodity derivatives - agricultural commodity are speculative businesses

Thanks Rinkal....

I am little confused about the investment or stock held by the assesee. Can you please explain in detail....

Thanks in advance!!!

Thanks akhil...how we determine this is pgbp or capital gain i mean how much frequency or volumn should be there in order to know this segregation of income.

It is rest upon the assessee whether to determine shares are held as stock or as investments.