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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2010 whether the intra day sale purchase amount to Speculation business ? profit from this business taxable under which head & Rate ?
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CA Mohd. Ubaid

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CA Mohd. Ubaid (Expert)
10 March 2010 Intra Day Trading is a Speculation Business. Profit From Intra Day Trading is Taxable Under The Head Profit & Gains From Business and Profession But Its Nature Would Be Speculative Business.

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