Treatment of income from equity market
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2012
I deal in shares and have many transactions and I treat this income as Business Income in my books account but as per IT Act,1961 it is capital gain.
So, can I show this income as Business Income in IT return?
Please Help.
So, can I show this income as Business Income in IT return?
Please Help.
06 February 2012
Dear Friend , if STT is applicable on your transactions then it will not be considered as Capital gain.
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