Intraday business is speculative business.
Shares trading with delivery in & out within few days is non speculative business.
Loss/Profit from intra day trading is treated as speculative business profit/loss (Taxable as per slab rate). Profit from shares sold after one day is short term capital gain and taxable @ 15%
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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R P S K & Associates
Nashik
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
