https://www.taxtmi.com/forum/issue?id=2515 Whether profit on sale of shares by an assessee engaged mainly in land/property dealings is business income or capital/other income depends on the assessee's trading intent; if securities transactions are not the main objective and are held as investments, gains should be treated as short term or long term capital gains or as Income from Other Sources, with classification determined by purpose, frequency, and the assessee's overall business context. en-us Mon, 20 Dec 2010 13:07:59 +0530 Thu, 23 Jan 2025 15:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2515 Whether profit on sale of shares by an assessee engaged mainly in land/property dealings is business income or capital/other income depends on the assessee's trading intent; if securities transactions are not the main objective and are held as investments, gains should be treated as short term or long term capital gains or as Income from Other Sources, with classification determined by purpose, frequency, and the assessee's overall business context. Discussion-Forum Income Tax Mon, 20 Dec 2010 13:07:59 +0530 https://www.taxtmi.com/forum/issue?id=2515