Way to treat trading in shares ?
This query is : Resolved
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.
Whether there is any case laws which support this treatment. Plz give reply as soon as possible.
13 November 2008
consider trading in shares as capital gain: What is meaning of this line ?
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
13 November 2008
In otherwords, you have a choice. But once you havwe chosen an option you have to live with that.
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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