Regarding shares and securities

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2012 plz advice me about taxation about shares & securities and how will we reconise whether shares are held for investmet purpose or stock in trade ?

if shares purchased are sold at next day whether it is covered in intraday transaction ?












30 July 2012 investor advices to keep two accounts for trading & investment

this trade known as short term not as intraday

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Guest

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Guest (Expert)
30 July 2012 Intraday transaction was those when shares are bought and sold on the same day.

Regarding treating shares as stock or investment, we have to maintain 2 separate DP account for holding shares as stock and investment for the purpose of demarcation.


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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2012 if a person mantain single account for both transation then how is it treated ?

whether is it considered as business income/loss or speculation income/loss

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Guest (Expert)
31 July 2012 It depends upon the frequency of transactions, other factors like other heads of income of asseessee etc.



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