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shortterm capital gain on sale of shares

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Querist : Anonymous (Querist)
11 December 2010 when short term capital gain on sale of shares treated as business income and under which section?
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CA Dhiraj Ramchandani

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CA Dhiraj Ramchandani (Expert)
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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