Kindly tell me that Income from trading of shares in NSC should be considered as capital Gain or Speculation business?
Assessee has a DEMAT account and had done a lot of transactions through it.
CA. Tushar Mittal (CA Professional in Practice) (73 Points)
01 June 2012Kindly tell me that Income from trading of shares in NSC should be considered as capital Gain or Speculation business?
Assessee has a DEMAT account and had done a lot of transactions through it.
CA Siddhartha Bhardwaj
(Proprietor at Siddhartha Bhardwaj & Associates Chartered Accountants)
(33441 Points)
Replied 01 June 2012
Intra day trading will be speculation income and delivery based trading will be capital gain.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"