Trdading in securities and derivatives

This query is : Resolved 

11 March 2009 Hello all.
If a person is carrying on the business of share trading regularly should it be taxed under Profits and gains from business or profession or under the head capital gains?

11 March 2009 If trading & F $ O then Income from Business $ if trading on delivery based then capital gains

12 March 2009 Pl read the issue raised in http://www.taxworry.com/2008/12/how-to-judge-if-any-share-transaction.html




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