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purchase of share

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 December 2009 Dear sir,

I have purchase 10000 shares of pvt ltd company at Rs 10/- each.

After six months same shares are sold at
Rs. 5/- Wheter said loss is consider as
short term loss or business loss.

pl give me guidance.

Thanking you
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CA. Bikash Bogi

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CA. Bikash Bogi (Expert)
11 December 2009 Short Term
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Rasesh

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Rasesh (Expert)
12 December 2009 Short term capital loss. However, if you are an NBFC or are doing the business of trading in securities, then business loss
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