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Trading of Shares online on daily basis

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(Querist)
15 March 2010 Income received from trading of shares online on daily basis will be taxable under which head for computation of total Income.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 March 2010 As the turnover of purchase & sale will be high it should be taxable under business income
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Zeeshan

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Zeeshan (Expert)
15 March 2010 If the delievery of the shares is not taken i.e. only intraday transaction is being done then it is Speculation Business and taxable under the Head Business & Profession.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
15 March 2010 i agree with expert

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