Inter Change of STCG & BUSINESS & PROFESSION
This query is : Resolved
12 June 2021
IN CASE OF STCG FROM THE STOCK MARKET IS ONLY SOURCE OF INCOME, CAN WE CHOOSE EITHER OF BUSINESS OR PROFESSION AND CAPITAL GAIN TAX ! FURTHER CAN WE INTERCHANGE THE HEAD OF INCOME IN THE COMING YEARS DEPENDING UPON OUR SUITABILITY SAY FOR TAX PLANNING PURPOSE TO SAVE TAX!
12 June 2021
Once you treat STCG as business income you can't interchange again.
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