Short term Capital Gain
This query is : Resolved
03 July 2010
Suppose any person has a short term gain in shares of rs.50000 and other income is rs. 160000 Can I treat the short term gain from share trading as a profit from business of share trading.
03 July 2010
If the assessee is regularly trading in shares,it is better to declare the income under the head'Income from business/profession'.
05 July 2010
Yes, If you think that you have all the charater of running a business of trading in the securities on regular basis, you can do so.
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