Income tax return
This query is : Resolved
10 August 2015
please tell me,
if any one has loss while trading in shares .
than it will be normal business or speculation.?
10 August 2015
Only intra-day trading of shares is speculation loss. Profit/loss from such transactions will be covered under the head Income from Business or Profession.
Other trading will be covered under the head Income from Capital Gain.
Other trading will be covered under the head Income from Capital Gain.
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