I am psu working employee.If i buy shares with borrowed money ,will the proceeds be treated as business income or it will be treated as normal short term /long term capital gains.
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Tax liability in shares
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Treated as capital gain not as business income. If shares held less than 12 months it will be treated as STCG otherwise LTCG.
It will be treated as capital gains
Taxed under capital gains only.
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