Profits arising out of Intraday share transcations (huge transactions in a day) whether it should be treated as a business income like speculation business or it should be treated as capital gains? Please send me reply as early as possible.
Menu
profits arising out of intraday share transcations
Replies (4)
It will be Short term Capital Gain/Loss not business income/loss
it should be treated as a business income like speculation business
speculation without any doubt..............
gurdeep is right . refer to section 43(5) of the income tax act for detail.
Recent Topic
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
Related Topics
CAclubindia
