tax on share trading

tarun (student) (42 Points)

02 June 2010  

if any person trades in shares within one year can show that as his business income also having full time employment in any company ?plz reply with proper section and how this business income is taxable.

person having 5-6 trnsaction in a year and a profit from trading Rs. 15000 & also turnover in year only 1lac.