01 March 2008
if an employee invest in share market in regular basis & make daily trading & delivery basis transaction. How the person disclose his income, as it is business income or capital gain nature ? & how the share will be valued? what is basic condition to make a non speculation business in share market?
02 March 2008
If he is on a daily trading mode, this will be treated as his business income. Sharesare valued at his acquired price or market price whichever is lower.
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