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Business income or Capital Gain

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(Querist)
04 July 2008 Assessee has done huge number of transactions in shares during the financial year.So is it at his discretion to show it as an Business income or Capital Gain.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
04 July 2008 Is he regularly trading in shares?
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dipesh

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dipesh (Querist)
07 July 2008 yes he is regularly trading.what is the demarking line as to when a assessee should show it as business income or capital gain.
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