I hold some Equity share as Investment in my books of Account as on 31-3-17, now in FY 17-18 I have profit from the Selling those stock and other income also.
If I want to go STCG then Tax liability is much. So my Consultant suggest that we will Consider these stock as Business Income.
So my question is that, is this proper as Income Tax ?
can we consider stock of Equtiy Share holding as investment.
Any valuation change as on 1-4-17 or Invest price.
14 September 2018
Investment option is the best one for STCG tax rate is 15% and for LTCG the rate is 10%.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
14 September 2018
Thanks sir for your reply ..but STCG is more than 6% profit of Turn Over. and my main Question is I hold some Equity share as Investment in my books of Account as on 31-3-17, now in FY 17-18 not this Investment can we consider Stock in hand ?