Short Term Capital Gain or Speculation gain
This query is : Resolved
11 August 2008
If an assessee do Share trading in Intraday over and excess of the Margin money and incurs loss or profits on such trancations will it amount to Speculation or short Term capital Gain ?
11 August 2008
It is profit or loss from Speculation Business.
11 August 2008
If The Assessee Purchases only the shares equal to the exact amount available with him and he does an intraday trading will it also amount to Speculation business as the shares are sold without taking actually delivery of it in the DMat Account ?
11 August 2008
Intraday trading relates to Sale and purchase of a scrip with equal quantities and it involves jobbing profit or loss which is speculative in nature. Question of taking or not taking of deliveries does not arise.
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