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Income tax return

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(Querist)
10 August 2015 please tell me, if any one has loss while trading in shares . than it will be normal business or speculation.?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
10 August 2015 Only intra-day trading of shares is speculation loss. Profit/loss from such transactions will be covered under the head Income from Business or Profession.

Other trading will be covered under the head Income from Capital Gain.

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