Nature of business income or capital gain?

The company nature of business is trading in securtities, hence the same would be taxable under head Income from Business.

The STT paid shall be alowed as deduction as expense.

Hiiiii

The Company which is doing business of purchasing and selling of securities, shares(Options & Futures), than it will consider as business transaction and covered under business and profession.This business is non speculative and STT paid is deductible as expense.