Tax on share trading

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2017 Can a Partnership open a Demat & Trading account.

what shall be the tax implication on it.

will it be treated as business income or as capital gain.

CA S K MISHRA

CA S K MISHRA (Expert)
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05 March 2017 DEMAT account can not be opened in the name of partnership firm as it has no legal entity but hey can invest in share & stocks if the partnership deed has the provision for investment in Equity by opening a Trading account in the name of Partnership firm. DEMAT a/c can be opened in the name of any Partner & that partner can be authorised by other partner to issue instruction to the depository to purchase share & stock on behalf of Firm.

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2017 Thank you sir,

can you provide for tax implication on profits...

will it be charged as Short term / Long term gain
or, as business profits..

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