https://www.taxtmi.com/forum/issue?id=3369 Frequent short-hold share transactions where investment intention cannot be shown are treated as business income, making tax-audit applicability depend on turnover computed in accordance with the ICAI guidance note on tax audit; capital-gains treatment is inappropriate where facts indicate trading, and the ICAI guidance is the practical reference for determining whether turnover triggers audit compliance. en-us Thu, 08 Sep 2011 23:38:32 +0530 Thu, 23 Jan 2025 15:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3369 Frequent short-hold share transactions where investment intention cannot be shown are treated as business income, making tax-audit applicability depend on turnover computed in accordance with the ICAI guidance note on tax audit; capital-gains treatment is inappropriate where facts indicate trading, and the ICAI guidance is the practical reference for determining whether turnover triggers audit compliance. Discussion-Forum Income Tax Thu, 08 Sep 2011 23:38:32 +0530 https://www.taxtmi.com/forum/issue?id=3369