consideration
This query is : Resolved
prince lekhi
(Querist)
28 September 2007
is there any specific condition or requirement for considering income earned from sale and purchase of equity shares through d-mat account as a BUSINESS INCOME.
AND IS IT OPTIONAL to consider it as a short term capital gain or business income.?
AND IS IT OPTIONAL to consider it as a short term capital gain or business income.?
prince lekhi
(Querist)
28 September 2007
plz reply at earliest....thank u
28 September 2007
Income on Sale of Shares as an Investor is considered as CAPITAL GAIN. not as a BUSINESS INCOME. may be short term or Long Term any form u sell it physical or through d mat account.
As you are not a Broker and that is not ur business but these are specualtion and u ahve gain or loss
As you are not a Broker and that is not ur business but these are specualtion and u ahve gain or loss
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