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Way to treat trading in shares ?

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(Querist)
13 November 2008 I have consider trading in shares as capital gain.
Whether there is any case laws which support this treatment. Plz give reply as soon as possible.
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Deepak Agrawal

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Deepak Agrawal (Expert)
13 November 2008 consider trading in shares as capital gain: What is meaning of this line ?
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Gayathri Devi

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Gayathri Devi (Expert)
13 November 2008 If your business is dealing in shares means it is taxable under the head Profits & Gains from Business or Profession if not then taxable under the head Capital Gain
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
13 November 2008 In otherwords, you have a choice. But once you havwe chosen an option you have to live with that.
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Ravikumar.G

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Ravikumar.G (Expert)
17 November 2008 Dealing in shares without actual delivery of the same is speculation business u/s 43(5) of the act.

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