I am psu working employee.If i buy shares with borrowed money ,will the proceeds be treated as business income or it will be treated as normal short term /long term capital gains.
3 Replies
Dheeraj Sharma
(11 Points)
Replied 16 September 2021
Treated as capital gain not as business income. If shares held less than 12 months it will be treated as STCG otherwise LTCG.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 September 2021
It will be treated as capital gains
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