AS ASSESSEE PURCHASE DURING THE YEAR 1 CRORE VALUE OF SHARE AND SOLD SAME YEAR 85LAKHS VALUE OF SHARES HE WAS PAID STT AT THE TIME OF SOLD HE IS SHOWN HIS INCOME UNDER BUSINESS OR SHORT TERM CAPITAL GAIN COVERED U/S 111A. PLEASE TELL
20 September 2009
It's all depend on type of purchase and sale . 3 type of purchase and sale is possible. 1. Intraday purchase and sale 2. delevery based 3. In derivative.
CAclubindia
