banner_ad

Capital gain on share sale

Others 262 views 2 replies

if a person purchase shares & sell that shares in same day, In this case profit/loss will be short term capital gain/loss or PGBP Income/Loss. If This is PGBP Income/Loss what is turnover?

Exp

5000 shares purchase of IDBI for Rs. 400000/- & sale it for Rs. 380000 on same day. is this 20000 Rs. short term cpital loss or pgbp loss & if pgpb loss than what is turnover 780000(400000+380000) or 380000 or 20000(400000-380000).

Replies (2)

Treat is as capital loss

There are many factors which decides whether the purchase/ sell of stocks, securities is business income of assessee or capital receipts. For example, quantum of purchase/sell, frequency of purchase/sell, period of holding, intention of the assessee while purchasing the shares as to whether the same was acquired for holding as investment or for doing business therein, the treatment given by the assessee in its books of accounts etc. If the above transaction explained by you is an isolated transaction i.e. no other transactions of similar nature entered by you then definately it will be treated as capital loss.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details