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Share trading income

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 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

 

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

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


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