lexbery (d) (227 Points)
17 January 2019i want to know how is anyone classified as investor or trader of shares in the eyes of income tax
does investment in liquid funds also include as investment
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 17 January 2019
Being trader or investor is merely assessees' decision and income tax does not decide the same.
If volume and transaction count is more assessee becomes trader otherwise merely long term investment then investor.
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 26 January 2019
Trader do same day buy or sale or buy today and sell tomorrow, whereas investor invest for capital appreciation for and for a period of say one moth to 5 to ten years.
CAclubindia
