Whether PGBP or CG
This query is : Resolved
02 July 2009
if the assessee is regularly trading in the stock market along with other business activities whether to consider the incomes from such trading under the head PGBP or CG ? what will be the point of distinction between the both??
02 July 2009
Very thin line of distiction. Generally, we treat it investment if it is held for a period of one month or more. But no prescribed guidelines for this in my knowledge.
02 July 2009
IF ITS INTRADAY OR F&O THAN IT WILL BE SPECULATIVE INCOME AND OTHERS AS SHORT TERM OR LONG TERM DEPENDING UPON THE FACTS.
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