Income from Securities transactiona

Nitin Kumar R (Salary Employee) (13 Points)

26 July 2007  

I'm a salaried employee. I have income from securities transactions for the Assesment year 2007-2008. I have income from delivery based transaction and day trading. I'm doing the share business on almost all business days. i.i., the frequency of transactions is day-today.

How should I offer the Income to tax? Should it be treated as Business Income or Income from Other sources - Investment Income?