https://www.taxtmi.com/forum/issue?id=3323 When an individual's principal activity is buying and selling shares across various companies, receipts from such disposals are ordinarily business income and may be treated as normal or speculative business income depending on transaction nature; however, shares held on an investment account with intention to retain as capital assets are excluded from business stock-in-trade and their sale is chargeable as capital gains. en-us Fri, 26 Aug 2011 15:24:43 +0530 Thu, 23 Jan 2025 15:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3323 When an individual's principal activity is buying and selling shares across various companies, receipts from such disposals are ordinarily business income and may be treated as normal or speculative business income depending on transaction nature; however, shares held on an investment account with intention to retain as capital assets are excluded from business stock-in-trade and their sale is chargeable as capital gains. Discussion-Forum Income Tax Fri, 26 Aug 2011 15:24:43 +0530 https://www.taxtmi.com/forum/issue?id=3323