TaxTMI 
TaxTMI 
short term gain shares
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....hort term gain shares<br> Query (Issue) Started By: - satbir singh wahi Dated:- 25-11-2010 Last Reply Date:- 27-11-2010 Income Tax<br>Got 2 Replies<br>Income Tax<br>there is short term gain on sale of....
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.... shares after stt. Whether interest paid on purchase of shares is deductible exp, as cost of acquisition. Reply By CA Rachit Agarwal: The Reply: Interest paid for the purchase of securities is deduct....
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....ible expenditure. Interest Cost can be added to the cost of acquisitions. Refer Seciton 48(ii) Reply By DEV KUMAR KOTHARI: The Reply: Investment activity is a business being adventure in nature of ....
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....commerce ( and not trade). So income should be computed under applicable heads- business, other sources and capital gains. Cost of carrying investments like interest, DP charges, insurance, staff expe....
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....nses to maintain and look after investment activity should go under head business, recurring incomes like hedging gains, security commission ( if shares are provided as security to third party), secur....
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....ity lending income will fall under business, dividend u/h OS, and income on transfer of shares u/h CG.<br> Discussion Forum - Knowledge Sharing ....