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Shares trading of all types: f&o, intraday, long/short term.

Tax queries 222 views 1 replies

Dear All,

I am salaried person working in a private company. Along with this I also do Shares trading of all types: F&O, Intraday, Long/Short term. I understand that all these 3 types of trading has 3 different heads for Income namely - Business, Speculation & Capital Gains respectively.

Can I show all these 3 different types of shares income/loss in 3 different heads of  Business, Speculation & Capital Gains (I prefer this) ? or I have to club all 3 types of income/loss & show it in one single head (which one then ? ).

Thanks much in advance.

Mukesh Agrawal.

Replies (1)

Everything depends upon your nature/frequency of transactions. For salaried persons it is preferably catagorised in two sections, capital gains (ST/LT) and Income from other sources.


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