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intra day transaction of shares

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(Querist)
15 December 2010 Hello friends.

Please tell me whetherintra transactions are considered as speculative income or not & if it is the at what rate it will be taxed.It would be of flat rate of 30% or normal slab rates.

Everyone please share your views.

Thanks.

Regards
Parul Saxena
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
15 December 2010 inta day transaction is speculative tansaction. it shall be taxable at slab rate if assessee in an individual.

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