One of my clients doing textile business along with she has a share and commodity market transactions also. My query is How and Where should i disclose this transactions in income tax filings.please guide me. Thanks in advance
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Share trading income
Replies (5)
INCOME FROM TEXTILE BUSINESS UNDER PGBP
AND GAINS FROM SALE OF EQUITY UNDER CAPITAL GAINS IF ANY
BUT I HEARD TO KNOW THAT IT IS ALSO A BUSINESS INCOME. SO THAT I AM CONFUSED. PLEASE CLARIFY
yes it may be PGBP income
if she is trading in holding or not frequently then it shall be capital gains.
But remember the method u adopted is based upon..ONCE APPLICABLE FOREVER APPLICABLE
if she is trading in holding or not frequently then it shall be capital gains.
But remember the method u adopted is based upon..ONCE APPLICABLE FOREVER APPLICABLE
SHE IS DOING INTRADAY TRADING. IT INCURRED LOSS. HOW SHOULD I TREAT THIS LOSS?
PGBP..
remember u can't claim STT as a deductible expenditure
remember u can't claim STT as a deductible expenditure
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