shortterm capital gain on sale of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2010
when short term capital gain on sale of shares treated as business income and under which section?
11 December 2010
short term capital gain is to be considered as capital gain only... But yes, if a person is daily trader or transacts in shares frequently, then one can consider income/loss from such transaction as from speculation business...
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