Gains from selling shares, including bonus and split shares, are business income if the assessee is a trader.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Gains arising from sale of shares - Once the assessee has been treated as a trader, then the income arising from bonus shares, split shares etc. is also to be treated as business income only - AT....