I have shown trading in equity(delivery) as PGBP Income in last year but now onward I want to show it as capital gain or loss so please suggest me whether can I do so?
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Quick Summary
This discussion addresses a query about changing the tax treatment of equity share trading from 'Profits and Gains from Business or Profession' (PGBP) to 'Capital Gains'. Generally, it's not permitted to switch this classification once declared. However, the advice suggests that declaring it under the Capital Gains schedule might still be an option.