Speculation Gain/Loss in case of HUF
This query is : Resolved
Guest
Guest
(Querist)
10 July 2010
Dear Sir
I would like to know Can Karta of HUF do trading in shares i.e. Speculation gain or loss in Shares.
Thanks & Regards
Vishal
I would like to know Can Karta of HUF do trading in shares i.e. Speculation gain or loss in Shares.
Thanks & Regards
Vishal
12 July 2010
Yes, he can do these trading but he does so in his individual capacity then profit/loss will be taxable in his hands.
and if he does so on behalf of HUF then profit/loss will be taxable in the hands of HUF.
Regards!!!
and if he does so on behalf of HUF then profit/loss will be taxable in the hands of HUF.
Regards!!!
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