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how a share consultanat taxable

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(Querist)
05 August 2010 a share consultant , that he purchases shares and sales shares with in 2 to5 days. is that income taxable under busines income or short term capital gain.he is doing business from 1 year. plz clarify me.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 August 2010 Looking at the holding period and frequency of transaction it will be treated as business income.

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