Easy Office
LCI Learning

share intraday income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 December 2010 sir ,


i am salary person & share business income
sir my question is

share purchase totat
- share sales total = intraday profit & loss

example :

purchase = 100 share x 10 rate = 1000 purchse date 24-12-2010

sales = 100 share x 15 rate = 1500
sales date 24-12-2010
-------
share intraday profit 500/-

i this profit is tax free / taxable

where is take income for under this income

sir reply is urgent





Profile Image

CA Ankit Shah

Profile Image

CA Ankit Shah (Expert)
24 December 2010 Speculation business income with ur share business income
Profile Image

CA AYUSH AGRAWAL

Profile Image

CA AYUSH AGRAWAL (Expert)
24 December 2010 This is Speculation Profit/Loss Which is Chargeable to PGBP head.
Same Will be Chargeable as Per Normal Tax Rate.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links