consideration

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prince lekhi (Querist)
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28 September 2007 is there any specific condition or requirement for considering income earned from sale and purchase of equity shares through d-mat account as a BUSINESS INCOME.

AND IS IT OPTIONAL to consider it as a short term capital gain or business income.?

prince lekhi

prince lekhi (Querist)
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28 September 2007 plz reply at earliest....thank u

CMA Gul S

CMA Gul S (Expert)
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28 September 2007 Income on Sale of Shares as an Investor is considered as CAPITAL GAIN. not as a BUSINESS INCOME. may be short term or Long Term any form u sell it physical or through d mat account.

As you are not a Broker and that is not ur business but these are specualtion and u ahve gain or loss

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