Under which head share market income comes?

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Querist : Anonymous

Querist : Anonymous (Querist)

09 April 2018 Respect Sir/Madam

If we earn amount from Share market . In which head we should calculate in ITR?

Thanking You

CA Suresh Jain

CA Suresh Jain (Expert)
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09 April 2018 1. Day trading and derivatives under Income from speculative business.
2. If securities are treated as investment than under "Capital Gain"
3. If treated as business - Income from Business and profession

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 April 2018 dear Suresh Ji,

please note that derivatives don't come under speculative business.

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Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2018 Speculative Business Means.........Please inform me

CA Suresh Jain

CA Suresh Jain (Expert)
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11 April 2018 a transaction of purchase or sale of a commodity including stocks and shares settled otherwise than by actual delivery or transfer of the commodity or scrip is a speculative transaction

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Querist : Anonymous

Querist : Anonymous (Querist)

11 April 2018 Thanks for information sir

Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 April 2018 and therefore speculative transactions don't include derivatives

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