31 July 2010
Dear Experts, An Assesse does the following transactions in shares. Please tell me under which head i have to show his income.
1) Purchases and sells shares after holding it for less than a year. 2) Keeps certain shares for more than a year and sells certain shares. 3) Also makes intra day transactions (i.e. Purchases & Sells the shares in the same day) 4) Also does derivative transactions (i.e. Purchases and sells Futures and Options Transactions.) 5) Please provide me the section and related case laws available. Thanks for every expert who guide me in this issue. With regards, Rajesh
CAclubindia
