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Income from shares

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(Querist)
17 July 2009 Whether surplus from purchase and sale of shares is a capital gain or business income?
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Jitender

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Jitender (Expert)
17 July 2009 if shares are held as inv., then it is capital gain otherwise it is business income.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
18 July 2009 Moreover, though classified as Investments yet if traded frequently; may be held as an adventure in the nature of trade.
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