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Income under which head

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(Querist)
07 January 2013 sir,
one pvt. ltd. company incorporated for the purpose of investing in shares and securities, what should we treat if any capital gain arise LTCG or STCG(any), as buiness income or under capital gain head??
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Guest (Expert)
07 January 2013 It should be treated as business income. Capital gains arise on investment activities not regular business activities.
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Dipul mehta

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Dipul mehta (Querist)
07 January 2013 sir, im not clear what u say.. plz clarify.
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Guest (Expert)
07 January 2013 No need for classification as LTCG or STCG because it will be termed as speculation profit not capital gain.

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