19 February 2011
under which head should income from sale of shares be treated ? Capital gain or business?? whether it depends on the volume of transactions done ? Can someone please reply with the CBDT circular number .....
Guest
Guest
(Expert)
20 February 2011
Generally, capital gains but if transactions are very much reccuring and like business transaction, it can be treated as business income.
10 October 2021
The option is given to assessee to set a trend. In the initial year, he can treat it either as investment or business; but once selected, he cannot change it in future years.
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