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
Guest
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.