Stock market - trading

[DEBABRATA ROY]

a) Whether a day trading in stock market is a trading business and profit or loss be trated as business profit or loss? b) In a closing of a year if a trader buys shares which is not sold as on 31st March,whether the same would be treated a stock or investment as at closing of year c) whether day trading will suffice to proof a trader or investor and if a trader takes delivery of share is there any periodicity which identifies a stock a trading or investment stock

AI Summary

Inquiry on Day Trading as Business: Profit/Loss Treatment, Unsold Shares, and Trader vs. Investor Criteria. Consult Tax Expert. A participant inquired about the classification of day trading in the stock market as a business and whether profits or losses should be treated as business income. Additionally, they questioned the treatment of unsold shares at the fiscal year-end and the criteria distinguishing a trader from an investor. The respondent advised consulting a tax consultant, as income tax treatment can vary based on specific circumstances.