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Capital gain or business/profession

venkata krishna reddy (chartered accountant) (792 Points)

19 January 2016

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.

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2 Replies

Akshay (Senior Assistant) (444 Points)
Replied 19 January 2016

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.