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business income v capital gains

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2010 intraday income/loss is always treated under head business.Please elaborate?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
28 September 2010 short term /ong term gain / loss by Non delivery based sale of equity shares , equity based mutual fund is treated as business income.

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