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Capital gain or business/profession
my client doing "Trading Shares" through Demat. his transactions in DEMAT around 2crores. my query is can i file I.T.Return under PGBP or Capital Gain.
Replies (2)
If it is a one time trading then it would be taxed under capital gains
Else if he does it regularly then it would be taxed under PGBP.
Transactions through demat account or other manner (apart from few exceptions) doesn't affect the taxation as per my knowledge.
Hope this clears the doubt.
Thanks akshay
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