Share's profit is Short trem capital gain or Business income

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....hare's profit is Short trem capital gain or Business income<br> Query (Issue) Started By: - Devedra Kumar Dated:- 22-12-2010 Last Reply Date:- 21-6-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>My ....

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....Client is an employee in share broker company and doing transaction with shares in larges volume. And ITR filed on the base of Capital Gain. It any one have any case law regarding this situation plea....

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....se reply.. Reply By Mukesh Kumar: The Reply: There are many case laws governing this issue. A careful search in case lasws would help you a lot. Based on the various decisions, I can say that it is a....

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....n issue which is based on facts and intention of the assessee. As long as assessee is able to demanstrate that the purpose of buying shares was investment, he can claim the same as capital gains. But....

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.... otherwise it may be treated as business income. Therefore, all is depend upon the scope and intention.<br> Discussion Forum - Knowledge Sharing ....