PANDIAN BRIGHT (TAX CONSULTANT) (331 Points)
28 June 2018 One of my clients doing textile business along with she has a share and commodity market transactions also. My query is How and Where should i disclose this transactions in income tax filings.please guide me. Thanks in advance
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 28 June 2018
INCOME FROM TEXTILE BUSINESS UNDER PGBP
AND GAINS FROM SALE OF EQUITY UNDER CAPITAL GAINS IF ANY
PANDIAN BRIGHT
(TAX CONSULTANT)
(331 Points)
Replied 28 June 2018
BUT I HEARD TO KNOW THAT IT IS ALSO A BUSINESS INCOME. SO THAT I AM CONFUSED. PLEASE CLARIFY
ROHIT KHUTETA
(STUDENT)
(87 Points)
Replied 28 June 2018
PANDIAN BRIGHT
(TAX CONSULTANT)
(331 Points)
Replied 28 June 2018
SHE IS DOING INTRADAY TRADING. IT INCURRED LOSS. HOW SHOULD I TREAT THIS LOSS?
ROHIT KHUTETA
(STUDENT)
(87 Points)
Replied 28 June 2018
CAclubindia
